253 East 49th Street | 248 East 50th Street

• Prime Turtle Bay Location — 253 East 49th Street and 248 East 50th Street are ideally situated in the heart of Turtle Bay, one of Manhattan’s most stable residential submarkets, moments from the United Nations Headquarters, Grand Central Terminal, and Midtown East’s dense office and dining corridor.
• Two-Building Portfolio Offering Scale — The offering combines two adjacent walk-up buildings totaling 13 units across 7,930 gross square feet, providing a rare opportunity to acquire scale in a tightly held, low-turnover Manhattan submarket in a single transaction.
• Attractive Price Per Unit — At the $2,450,000 asking price, the portfolio prices at approximately $188,000 per unit, a meaningful discount to Manhattan’s average multifamily sale price of $635,000 per unit, offering a rare cost basis in a high-barrier-to-entry neighborhood.
• Ground-Floor Retail Anchor — 253 East 49th Street includes a ground-floor retail unit occupied by QQ Nails & Spa, a 41-location Manhattan nail and wellness brand, under a lease running through March 2033, adding income stability alongside the residential upside.