145 East 48th Street (The Cosmopolitan)
145 East 48th Street, New York, NY 10017
BBL 1013037501 · BIN 1036233
- Year built
- 1986
- Type
- Condominium
- Units
- 207
- Floors
- 34
- Landmark
- No
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 1998–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,047
- Listing discount
- 3.2%
- Recorded sales
- 264
- On record
- 1998–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Cosmopolitan would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
The Cosmopolitan is one of the more architecturally accomplished residential towers in the Grand Central district. Completed in 1986 by developer William Zeckendorf Jr. with Harshad Shah, and designed by Gruzen Samton Steinglass, it is a postmodern tower whose rose-toned masonry and pair of rounded, stacked bay-window piers give it a distinctive profile among the neighborhood's residential buildings — well regarded within the district's architecture.
The building's appeal combines that architectural presence with a deep amenity package and a genuinely central location. East 48th Street between Lexington and Third places it minutes from Grand Central Terminal, the Midtown East office core, and the transit and dining density of the district, while the tower's full-service program gives residents a level of building services closer to a luxury high-rise than a typical mid-block Midtown building.
As a condominium — with a notably low minimum down payment relative to co-ops — the building serves buyers who want flexibility, full amenities, and architectural distinction in one of Manhattan's most transit-connected neighborhoods.
Architecture and unit composition
The 207 residences distribute across roughly 34 stories. The Cosmopolitan's postmodern design is its signature: rose-toned masonry, two rounded piers of stacked five-pane bay windows that pull light into the living spaces, corner windows, and indented balconies at the crown. Baths were finished in travertine marble, and some units include a second entertaining kitchen, terraces, or fireplaces.
The unit mix skews toward studios and one-bedrooms, with larger layouts and penthouses on the upper floors. Floor, exposure, outdoor space, and renovation condition are the primary pricing variables; the bay-window lines and higher floors, with their light and views, command the premium within the building.
Building operations
The Cosmopolitan operates as a full-service condominium: 24-hour doorman and concierge, room service, a live-in resident manager, a fitness center, an indoor pool, a roof deck and sundeck, a conference and entertainment room, a full-service parking garage, laundry, and bicycle and resident storage. A Greek restaurant occupies the ground floor. Pets are permitted under building rules.
As a condominium, the building offers standard condo flexibility — pieds-à-terre, investment use, and subletting are permitted under the declaration, and the minimum down payment is low relative to co-ops. Common charges and property taxes should be modeled for the specific apartment; buyers should review the current financials, any assessments, and the reserve position during due diligence.
Local Law 97
- 2024–2029 annual penalty
- $19,135/yr
- 2030–2034 annual penalty
- $163,551/yr
- Per unit / month range
- $8 – $66
- Modeled exposure split equally across 207 units (the city tax-lot count). Not an assessed amount; co-op shareholders are typically charged by share allocation.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available filing classified the facade as SWARMP — Safe With A Repair and Maintenance Program: the engineer identified conditions requiring monitoring or repair, with repairs due by the deadline stated in the filing. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Penalties shown are amounts DOB assessed against filings on record across 2005–10 to 2020–25. The FISP dataset does not record whether they were paid, contested or remain open, so treat the figure as history rather than a current balance and confirm the building’s standing with the managing agent.
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
Management & transfer contacts
Recent sales
The Cosmopolitan trades as a full-amenity Midtown East condominium, read on a price-per-square-foot basis, with pricing driven by floor, exposure, outdoor space, and renovation condition. The many smaller studio and one-bedroom units make the building accessible to a broad buyer pool, while the bay-window and penthouse lines command higher pricing.
The combination — architectural distinction, a deep amenity package, a central Grand Central-district location, and condominium flexibility with a low minimum down payment — supports steady demand and liquidity across market cycles.
Recent closings at this building, from The Roebling Research Library. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jul 21, 2026 | 24F | 1 BR · 2 BA · 761 sf | $960,000 | $1,261/sf | -14.7% |
| Jul 15, 2026 | 5D | 1 BR · 1 BA · 676 sf | $703,000 | $1,040/sf | -5.0% |
| May 29, 2026 | 5C | 1 BR · 1 BA · 753 sf | $760,000 | $1,009/sf | +0.0% |
| Dec 22, 2025 | 12B | 1 BR · 1 BA · 463 sf | $582,500 | $1,258/sf | -3.7% |
| Sep 29, 2025 | 8B | 1 BA · 463 sf | $550,000 | $1,188/sf | -9.1% |
| Aug 21, 2025 | 28G | 1 BR · 1 BA · 650 sf | $870,000 | $1,338/sf | -2.8% |
| Jul 15, 2025 | 15A | 1 BA · 449 sf | $655,500 | $1,460/sf | +1.0% |
| Jul 2, 2025 | 21A | 1 BR · 1 BA · 650 sf | $765,000 | $1,177/sf | -9.9% |
Market read. Most recent trades (2026) cleared a median $1,047/sf (floor-adjusted) across 3 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. Median listing discount 3.2% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 1-01303-7501). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
Closed rents at The Cosmopolitan, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 6 | $3,275 |
| 1 bedroom | 24 | $4,200 |
30 closed leases, October 2023 to September 2026. Most recent lease September 2026. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
At the recent median sale of $840K (17 sales since 2024), a buyer putting 25% down would pay about $31,632 to close, or 3.8% of the price.
- Mansion tax: $0
- Mortgage recording tax: $12,128
- Title insurance: $3,780
- Attorneys, lender, building fees, reserves and filings: $15,724
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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What to know if you’re buying
The amenity package is deep. Doorman, room service, indoor pool, fitness center, roof deck, parking garage, and entertainment room put this building at the top of the district's service tier. Confirm what carrying costs support them.
Architecture is a differentiator. The bay-window lines and postmodern design distinguish the building. The bay-window and corner apartments carry a premium — confirm the line for the unit you are considering.
Condo flexibility with a low down payment. Pieds-à-terre, investment use, and subletting are permitted under the declaration, and the minimum down payment is low relative to co-ops.
Model the full carry. Confirm common charges, property taxes, and any assessment for the specific apartment.
Confirm outdoor space and views. Terraces, balconies, and view quality vary by line and floor. Confirm exactly what a given apartment offers.
What to know if you’re selling
Lead with amenities and architecture. The service package and the building's distinctive design are the marketing edge over plainer district condos. Foreground both.
Presentation and line matter. Condition drives the pricing spread, and the desirable bay-window and penthouse lines should be marketed to their strengths.
Emphasize flexibility. The condo structure and low minimum down payment broaden the buyer pool — a selling point worth foregrounding.
Comparable buildings
If you're considering 145 East 48th Street, also evaluate:
- 249 East 48th Street (Turtle Bay House) — full-service Turtle Bay condominium on the same block
- 232 East 47th Street (The Club at Turtle Bay) — nearby Turtle Bay condominium tower
- 250 East 49th Street — Turtle Bay condominium nearby
- Midtown East — the broader corridor
More Midtown East buildings
- The Centrale, 138 East 50th Street — 2019 condominium by Pelli Clarke Pelli Architects
- 141 East 55th Street (The 141 Condominium) — 1956 condominium
- 142 East 49th Street — 1924 co-op
- 146 East 49th Street — 1920 co-op by Emery Roth
- 150 East 49th Street — 1923 co-op
- Blair House (200 East 58th Street) — 1963 condominium
The neighborhood
For the full corridor — architecture, transit, and pricing across Midtown East — read The Roebling Team Guide to Midtown East.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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