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Condop · 1979
L'Ecole Condominium is the legal name, used in the by-laws, the house rules and the audited financial statements on file, and carried by the Department of Finance. It is marketed as The 212
211 East 46th Street and 212 East 47th Street, New York, NY 10017

211 East 46th Street

211 East 46th Street and 212 East 47th Street, New York, NY 10017

BBL 1013207506 · BIN 1037599

At a glance
Year built
1979
Type
Condop
Units
265
Landmark
No

This is one of the larger for-sale residential denominators in Turtle Bay: 261 apartments in a thirty-five-story tower that occupies an entire block-through lot between East 46th and East 47th Streets. Buildings of that scale in east Midtown are usually rentals. This one converted in 2007 and sold out fast — the plan was declared effective on November 7, 2007, and unit deeds were recording by the second week of January 2008, straight into the teeth of the financial crisis.

The two addresses cause more confusion than anything else about the building. The city files it as 211 East 46th Street. The condominium's own audited statements, its house rules and its current marketing say 212 East 47th Street. Both are correct, and there is only one building. If you are comparing this to 232 East 47th, 240 East 47th or 216 East 47th, you are comparing it to genuinely different condominiums on the same block front — check the block and lot before you conclude anything from a comparable.

The second thing to understand is that this is a two-section condominium, not a residential building with some stores in it. The Residential Section and the Non-Residential Section each have their own board. The commercial component is substantial — a 24,500-square-foot garage, roughly 24,000 square feet of office space, and two retail units, together more than a fifth of the building's gross area — and the offering plan fixes exactly which shared costs the commercial owners bear and which they do not. The audited statements spell out the exclusions: portions of payroll, 90 percent of supplies, 80 percent of electric, all of the cooking gas. That allocation was negotiated in 2007 and it governs today. It is also why the condominium files as a corporation rather than as a homeowners' association for tax purposes, and pays New York State and City corporation taxes — an unusual line item for a residential building, and one that shows up in the operating budget.

The third thing is the office unit. It is owned by a not-for-profit university, which occupies floors three through five, and it is fully exempt from property tax. That is entirely lawful and reasonably common in mixed-use towers, but a buyer should understand what it does and does not mean: it reduces nothing for the residential owners, and it means a meaningful share of the building's square footage sits outside the residential tax base and outside the residential board's control.

What the financial statements show is a well-capitalised building. Reserves stood above $4.2 million at year-end 2023 against total liabilities of roughly $314,000 and no underlying debt. That position was built deliberately: a $3.6 million capital assessment ran from January 2019 through December 2022, and the money went where it was needed — façade repairs, sidewalk replacement and vault work under contracts totalling about $730,000, plus garage repairs and roof equipment. The façade record confirms the outcome. The building filed an unsafe Local Law 11 report in August 2022, worked through it, and filed safe in August 2025; the current Cycle 10 report, filed in July 2026, is also safe. A buyer arriving now is arriving after the assessment and after the work.

Architecture and unit composition

The tower is late-1970s Manhattan: beige brick, punched windows, upper-floor setbacks producing terraces, a mid-block through-lot plan that gives the building two street entrances and a garage ramp. Architectural records attribute the design to Philip Birnbaum, whose office produced a great many of the city's high-density brick towers in this period; the DOB file for this address does not reach 1979, so the attribution is well supported rather than documented.

Residences are lettered by line — A through L on the fuller floors, narrowing as the tower steps back — across roughly floors six through thirty-five. The mix runs studios through three-bedrooms, and the residential area works out to a modest average per home, which is what you would expect from a 1979 rental floor plate. The premium product is on the setback floors, where terraces appear, and in the upper stack, where the plate narrows and the exposures open.

Combinations are an active feature of the building rather than a curiosity: recent Department of Buildings filings cover the merger of units 28H and 28J in 2022 and units 32E and 32F in 2024, following earlier combinations on the sixteenth floor. That matters for buyers looking for larger homes, because it means the board has an established practice and an alteration agreement on file.

Original 2007 conversion finishes were offered in three specification packages, so two apartments of the same line can differ materially before you account for eighteen years of owner renovation. Test the specific unit.

Building operations

The building runs a full staffing model with union labour — the audited statements record payroll and related costs as roughly 48 percent of the operating budget, with contributions to the Building Service 32BJ funds. As is true across the city's union buildings, the 32BJ pension fund carries a "red zone" funding status and a theoretical withdrawal liability, disclosed in the statements; no building of this type intends to withdraw, and it is a standard disclosure rather than a building-specific problem.

The amenity set is broad for a converted rental: attended lobby with a package room, fitness room and yoga studio, roof deck, media lounge, conference room and playroom. The fitness facility is fee-based — it generates a separate revenue line in the audited statements — so it is not simply included in common charges, and a buyer should ask what the current fee is. Storage is rentable. Laundry runs under a non-cancellable service agreement through 2031.

The garage is in the building but is a commercial condominium unit in outside ownership. Any parking a resident uses there is a private commercial arrangement, not a right that runs with the apartment. Garage structural repairs were filed in 2024 and entrance-ramp work in 2026.

Policy framework

Ownership form: Condominium, with separate Residential and Non-Residential Sections. Sales pass through the Residential Board's right of first refusal rather than a cooperative approval, which means faster and more predictable closings — thirty to forty-five days is typical.

Pets: dogs, caged birds, cats and fish are permitted under the house rules on file, subject to written consent from the Residential Board or managing agent which is revocable at their discretion, and no more than two pets in a unit without board consent. Pet owners may be required to sign an indemnity agreement.

Terraces and balconies: the type, size and quantity of plantings, and any painting or decoration, require prior written approval from the Residential Board. Nothing may be stored on a terrace beyond outdoor furniture, and there is no barbecuing on terraces or balconies except in any area the board designates.

Alterations and noise: construction is restricted to weekdays between 8:00 a.m. and 5:00 p.m.; amplified sound is restricted between 11:00 p.m. and 7:00 a.m.; at least 80 percent of a unit's floor area outside kitchens, baths, closets and foyers must be carpeted or otherwise sound-attenuated. The board or managing agent retains a passkey.

Home occupations are permitted where lawful and allowed by the by-laws, but clients and patients may not wait in the lobby or public halls.

Subletting, pied-à-terre use, entity ownership, minimum down payment and any transfer fee: not established in the documents we hold. The house rules on file address conduct rather than transfer policy. Obtain the current by-laws, the leasing policy and the purchase application from the managing agent.

Real estate taxes: no abatement, on any lot, in any year from FY2021 through FY2027. Underwrite full unabated taxes against the specific unit's current bill.

Local Law 97

Carbon-penalty exposure
🟡
Moderate — under today's cap; material modeled 2030 exposure
2024–2029 annual penalty
$0 (under cap)
2030–2034 annual penalty
$66,620/yr
Per unit / month range
$0 – $21

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

Local Law 11 / FISP · last inspection 2025–30
Safe
What this means for you

The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.

Inspection history
2010–15
Safe
2015–20
Safe
2020–25
Safe
2025–30
Safe
2030–35
Due
Next report due
by Feb 2033
Assessed · 2005–10 to 2025–30
$5,500 in filing penalties
payment status not in the record
The three grades, in buyer terms
SafeLatest filing: Safe — no repairs required at that inspection.
SWARMPLatest filing: repairs required before the next inspection cycle.
UnsafeLatest filing: unsafe conditions requiring corrective action.
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 2025–30. 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.

See the full facade history →

Recent sales

The building converted in 2007 and sold out through 2008, and it has traded continuously ever since — 258 distinct owners now hold the 265 unit lots. On a 261-home denominator that produces a genuinely liquid same-building comparable set, which is the practical advantage of buying in a large condominium rather than a boutique one.

Pricing is a dollars-per-square-foot conversation and should be run against Turtle Bay's converted and 1980s-vintage condominium stock rather than against the neighbourhood's prewar co-ops, whose approval process and buyer pool are structurally different. Within the building, the two variables that move value are floor and outdoor space: setback terraces and the upper stack are separate markets from the lower lines. The absence of any abatement means the headline price and the true monthly number sit closer together than at abated new construction elsewhere in east Midtown, which is an advantage when comparing carrying costs. Buyers should also read the common-charge trajectory honestly — residential charges rose 4.3 percent for 2024 following the conclusion of a four-year capital assessment. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.

Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.

DateUnitPrice
Jul 13, 202619H$855,000
Jul 13, 202633C$860,000
Jul 1, 202610H$830,000
Jun 22, 202615C$790,000
Jul 28, 202632D$900,000
May 28, 202618A$786,000
View all 34 recorded sales, sortable

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 1-01320-7506) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.

What to know if you’re buying

One building, two addresses. 211 East 46th and 212 East 47th are the same condominium. Verify the block and lot on any comparable before you rely on it.

Read the residential/commercial cost allocation. It is fixed by the offering plan, it excludes the commercial units from meaningful categories of shared expense, and it is the provision most likely to matter in ten years.

The assessment is over and the façade cycle is clean. The $3.6 million assessment ended in December 2022 and the building filed a safe Local Law 11 report in 2025 and again in 2026. Confirm both against the current minutes, but the public record is good.

Reserves are strong; there is no reserve study. Above $4.2 million at the most recent year-end on file, with no underlying debt. There is also no formal plan for future major repairs, which is common and worth asking about.

The garage is not yours. It is a separately owned commercial unit. Any parking is a private contract.

Ask what the fitness fee is. The gym generates its own revenue line; it is not simply bundled into common charges.

Underwrite full taxes. No 421-a, no J-51, no abatement, and no step-up coming.

What to know if you’re selling

Lead with the balance sheet. Reserves above $4.2 million, no underlying debt, a completed capital assessment and a clean façade cycle survive attorney diligence better than almost anything else you can say about a 1979 building.

Use both addresses. Buyers searching Turtle Bay will find the building under either; leaving one out narrows your audience for no reason.

Correct the floor count and the unit count. City data says thirty-four floors; the audited statements say thirty-five. Be consistent and be able to explain it.

Terraces and upper floors are the premium product. Market them against the block's other converted towers, not against the neighbourhood's prewar co-op stock.

Comparable buildings

If you're considering 211 East 46th Street, also evaluate:

  • 232 East 47th Street — 173 residences, 1988; the closest peer by scale on the same block front, one construction generation later
  • 240 East 47th Street — a 1982 condominium; the nearest like-for-like by vintage and denominator
  • 216 East 47th Street — 1985 condominium; the mid-1980s alternative around the corner
  • 204 East 47th Street — 92 residences, a mid-1950s building converted to condominium in 1985; the earlier-vintage conversion comparison
  • 225 East 46th Street — a mid-1950s rental converted to condominium in 1987; the same conversion logic two decades earlier
  • 240 East 46th Street — roughly 100 residences in an early-to-mid-postwar building; the smaller-denominator neighbour
  • 227 East 44th Street — 63 residences, 2014; the current-generation condominium comparison a few blocks south
  • 219 East 44th Street — the comparable a few blocks south toward Grand Central
  • 244 East 52nd Street — the Midtown East alternative further north
  • 225 East 47th Street — a 60-residence 1939 cooperative; the prewar, co-op alternative on the same block

The neighborhood

For the full corridor — architecture, schools, 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.

Considering a move at L'Ecole Condominium is the legal name, used in the by-laws, the house rules and the audited financial statements on file, and carried by the Department of Finance. It is marketed as The 212?

Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.

Prefer to speak directly? Schedule a consultation →
Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com
Considering a sale?

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A Private Pricing Opinion — what your apartment at L'Ecole Condominium is the legal name, used in the by-laws, the house rules and the audited financial statements on file, and carried by the Department of Finance. It is marketed as The 212 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.