Buy&Hold (Vacant): (2 Units) 211 E. 48th St, New York, NY 10017 + $8,250,000

Promise Land Realty
7 days ago
3 min read

Single Family Investment Opportunity

Price

$8,250,000

(4% Consultant Fee Included In Price)

OFF-MARKET | 211 E. 48th St, New York, NY 10017

A Landmark of Modernist History | $8,250,000

Step into architectural history with this fully renovated Landmarked multi-family townhouse in the heart of Midtown’s coveted Turtle Bay neighborhood. Originally designed in 1936 by William Edmond Lescaze—widely recognized as the father of modern American architecture—211 E. 48th St was Lescaze’s personal residence and studio, and became New York City’s first modern home and first to feature central air conditioning.

Recently restored with a $4 million investment, the current ownership paid careful homage to its historical and architectural significance. This iconic 5-bed, 5-bath, 4,334 square foot residence is situated on a 1,666 square foot lot and blends pre-war charm with state-of-the-art enhancements, including:

Glass-enclosed hydraulic elevator
Boffi-designed gourmet kitchen
New structural steel (interior & exterior)
Central air system
North-facing courtyard with glass block skylights
Delivered fully vacant

Property Details:

Property Type: Multi-Family
Year Built: 1865
Lot Size: 1,666 sq ft
Interior: 4,334 sq ft
Bedrooms: 5
Bathrooms: 5
Last Sold: $3,800,000 in 2020
Price Per Sq Ft: Approximately $1,904

Perfect for a flagship personal residence, long-term luxury rental, or furnished short-term investment property in a prime Manhattan location. Steps from world-class shopping, fine dining, Midtown offices, Grand Central, and top-tier cultural landmarks.

Asking Price: $8,250,000

Delivered: Vacant

Submit All Offers: investments@promiselandrealtyllc.com

Direct Inquiries: 864-762-2509

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DISCLAIMER: No party may market this opportunity without express written consent or membership in TEAM PROMISELAND. Unauthorized use of listing details is subject to a $500 fine.

TEAM PROMISELAND DISCLAIMER

This is a confidential off-market opportunity provided exclusively by Team Promiseland. No party is authorized to market or distribute the contents of this listing without express written permission. Unauthorized use or dissemination will result in a $500 penalty per occurrence.

All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.

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