245 East 52 Street Townhouse Manhattan Turtle Bay
Mixed Use | 4.50% CAP | 5,940 SqFt
Marketing description
245 East 52nd Street - Elevatored Midtown East Townhouse with Income & Transformational Potential
Introducing a rare 6-story elevatored townhouse in the heart of Turtle Bay, offering approximately 5,940 square feet plus a full basement, private garden, and rooftop terrace.
Currently configured as a two-family residence with two expansive triplex homes, each residence features:
- 4 bedrooms
- 2.5 bathrooms
- Entertaining spaces
- Excellent light
This unique layout creates the ideal live-with-income opportunity, while also presenting a clear path to convert into a spectacular single-family residence.
A commercial-grade elevator services the building, providing seamless access throughout all levels-an exceptional feature rarely found in townhouses of this scale.
Outdoor Living
- Private garden - perfect for entertaining or quiet retreat
- Rooftop terrace with open Midtown views
Why This Is a Smart Buy
- market entry point
- Immediate income potential
- Significant upside through repositioning
- Flexible use - adapt to your lifestyle or investment goals
Value-Add & Repositioning Opportunities
- Convert to a luxury single-family townhouse
- Maintain as two high-end duplex/triplex residences
- Live in one unit and generate income from the other
- Create a live + work residence
- Upgrade interiors to push rents higher
- UN/Mission/Embassy/Office Space (commercial elevator in place)
Ideal For
- End-users seeking space + income
- Buyers looking to create a custom townhouse
- Investors seeking a value-add opportunity in Midtown East
- International buyers looking for a prime NYC asset
Location Located in Midtown East's Turtle Bay, moments from:
- United Nations Headquarters
- Grand Central Terminal
- Chrysler Building
- JP Morgan Headquarters and many more
Investment highlights
245 East 52nd Street – Midtown East Townhouse
Prime Midtown East 6-story elevator townhouse offering 5,940 SF configured as two expansive duplex
residences. Ideal for residential, commercial, diplomatic, or mixed-use purposes. Financial Overview:
• Flexible use: residential, embassy, office, or conversion • Steps from United Nations and Midtown core Ideal
For: • 1031 Exchange buyers • Diplomatic missions / consulates • Family offices / boutique
headquarters • End-users seeking live + income or full conversion Opportunity: A rare Midtown asset combining income, flexibility, and long-term appreciation potential.
- Midtown TH comps: $1,100–$1,500/SF
- Value: $6.5M–$9M
OPTION C — DIPLOMATIC LEASE (SLEEPER PLAY)
- Entire building lease: $25K–$40K/month
- 👉 $300K–$480K/year
👉 Cap = 6%–9% equivalent
🔥 THIS is your strongest pitch to UN buyers
💰 4. 1031 EXCHANGE PITCH (KILLER VERSION)
Position it like THIS:
“This is not a yield play — it’s a capital preservation + upside play in the UN corridor.”
Why it works:
- Hard asset in global city
- Multiple uses (rare)
- Underpriced basis
- Income day 1
- Upside without risk of vacancy
👉 Compared to:
- Retail → risk
- Office → dead
- Multifamily → regulated
➡️ THIS is flexible + safe + scalable
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