The Octavia
216 East 47th Street, New York, NY 10017
BBL 1013207502 · BIN 1037840
- Year built
- 1985
- Type
- Condominium
- Landmark status
- Not an individual landmark; not in a historic district
- NYC Landmarks Preservation Commission and City Planning records, updated February 2026
- Doorman
- Full-time doorman
Every recorded sale at this building, 2004–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2025
- $1,214
- floor-adjusted, 1 sale
- Listing discount
- 2.4%
- Recorded sales
- 67
- On record
- 2004–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Octavia 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 Octavia is a slim 32-story condominium in the heart of Turtle Bay, completed in 1985 and designed by Daniel Pang & Associates. Its defining feature is its layout discipline: with only two apartments per floor on the tower, residents enjoy a level of privacy and elevator exclusivity that larger postwar buildings cannot match. The result is a boutique 47-residence condominium with the height, light, and views of a far bigger building, and the intimacy of a much smaller one.
The architecture is distinctly of its era and well aged — a slender tower with curved balconies and a setback at the eighth floor that gives it a recognizable silhouette on the East 47th Street streetwall. Inside, the homes are known for spacious, well-proportioned layouts, oversized windows, herringbone wood floors, and the private terraces and expansive city views the height affords.
For buyers, the case is a full-service, privacy-focused condominium with strong layouts and views, steps from Grand Central, the United Nations, and the Lexington Avenue and cross-town transit — at the more attainable end of the Midtown East condominium market.
Architecture and unit composition
Daniel Pang's design is a slim 1980s tower: a setback at the eighth floor, curved balconies that soften the facade, and a narrow floor plate that makes the two-apartments-per-floor configuration possible. That slenderness is the point — it delivers light on multiple exposures and views in every direction as the building rises.
The 47 residences are notably spacious for their era, with the oversized windows, herringbone floors, and private terraces that distinguish the building. The two-per-floor layout on the tower means most homes enjoy through-light and corner exposures, and the upper floors capture the open Midtown and East River–adjacent views the height provides. Layouts vary by floor and line, with the highest homes carrying the building's best outlooks.
Building operations
The Octavia runs as a full-service condominium. A full-time doorman and concierge staff the lobby, a live-in superintendent handles building needs, and residents have a bicycle room, a laundry room, and private storage. The two-per-floor density keeps the building feeling private and uncrowded, which is part of its enduring appeal.
As a condominium, purchases clear through a condominium right-of-first-refusal — for which the building documents a waiver fee on a sale — rather than a co-op board interview; confirm financing limits and pied-à-terre, investor, and LLC purchase rules in the current declaration and bylaws. The building's policies are accommodating: gifting of funds is allowed, and parents buying with children is permitted. Common charges, transfer and move-in fees, and the tax picture follow the offering plan and house rules, which we help buyers read.
Application and transaction fees
Fees below are from building management's published schedule, as of August 2026. They are shown as published, item by item; no total is added because the total depends on the transaction. Deposits are listed apart from nonrefundable charges.
Purchase
10 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Application Fee | Paid by Buyer | When With the application | Amount $550 | Refundable Not stated |
| Credit Report FeePer applicantRequired | Paid by Buyer | When With the application | Amount $200 Per applicant - plus any additional occupants | Refundable Not stated |
| Packages Reprodruction and Distribution Fee | Paid by Buyer | When With the application | Amount $125 | Refundable Not stated |
| Waiver Of Right Of First Refusal Fee | Paid by Seller | When With the application | Amount $350 | Refundable Not stated |
| Closing Administrative Fee | Paid by Buyer | When At closing | Amount $225 | Refundable Not stated |
| Expedited Closing FeeConditionalConditions: Less than 48 hr notice | Paid by Buyer | When At closing | Amount $400 | Refundable Not stated |
| Move In Fee | Paid by Buyer | When At closing | Amount $900 | Refundable Not stated |
| Postponement Fee | Paid by Buyer | When At closing | Amount $400 | Refundable Not stated |
| Closing Administrative Fee | Paid by Seller | When At closing | Amount $225 | Refundable Not stated |
| Move Out Fee | Paid by Seller | When At closing | Amount $900 | Refundable Not stated |
Rental or lease
5 items
Fees and charges
| Item | Paid by | When | Amount | Refundable |
|---|---|---|---|---|
| Waiver of Right of First Refusal | Paid by Landlord | When With the application | Amount $350 | Refundable Not stated |
| Application Fee | Paid by Tenant | When With the application | Amount $300 | Refundable Not stated |
| Credit Report FeePer applicantRequired | Paid by Tenant | When With the application | Amount $200 Per applicant named on the lease - plus any additional occupants | Refundable Not stated |
| Move In Fee | Paid by Tenant | When With the application | Amount $900 | Refundable Not stated |
| Move Out Fee | Paid by Tenant | When With the application | Amount $900 | Refundable Not stated |
Management updates its schedule without a public filing. The date is when management last updated the page, not when a rule changed. Confirm the current schedule with management before you apply.
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $772 per room a monthMedian of 5 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $3.97 per square foot a monthMedian of 5 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges alone, per square foot
- $2.10 per square foot a monthMedian of 6 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
- Real estate taxes alone, per square foot
- $1.90 per square foot a monthMedian of 6 listings since October 2023 that give the annual taxSource: listing records, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. The split into common charges and taxes comes from the listings that also give the annual tax, a different sample, so the two lines need not add up exactly to the combined median; a tax abatement can hold taxes below the full amount until it expires. A summary of recorded sales and listings, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Full-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Live-in superintendent
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Bike storage, storage, laundry roomSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $6,821/yr
- Per unit / month range
- $0 – $12
- Modeled exposure split equally across 47 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs 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 data last refreshed October 2026.
Management & transfer contacts
- Policies and fees
- Move-In/Out $900 each; Waiver of Right of First Refusal $350; expedited closing $400
Recent sales
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 |
|---|---|---|---|---|---|
| Mar 17, 2025 | 26A | 2 BR · 2.5 BA · 1,639 sf | $2,150,000 | $1,312/sf | -13.8% |
| Nov 26, 2024 | 24B | 1 BR · 1 BA · 625 sf | $825,000 | $1,320/sf | -8.2% |
| Nov 14, 2024 | 23A | 1 BR · 1.5 BA · 801 sf | $765,000 | $955/sf | -13.9% |
| Oct 23, 2023 | 18B | 1 BR · 1 BA · 625 sf | $680,000 | $1,088/sf | -12.3% |
| May 10, 2022 | 12A | 1 BR · 1 BA · 801 sf | $915,000 | $1,142/sf | -1.1% |
| Dec 30, 2021 | 30A | 1,639 sf | $1,600,000 | $976/sf | — |
| Dec 16, 2021 | 17A | 1 BR · 1.5 BA · 801 sf | $765,000 | $955/sf | +0.0% |
| Jul 30, 2020 | 31A | 2 BR · 2.5 BA · 1,639 sf | $1,292,500 | $789/sf | -13.8% |
Market read. Most recent trades (2025) cleared a median $1,214/sf (floor-adjusted) across 1 sale. 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 2.4% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
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 1-01320-7502; each condominium apartment is its own tax lot). 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 Octavia, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| 1 bedroom | 5 | $4,505 |
6 closed leases, October 2023 to September 2026. Most recent lease December 2025. Sizes with fewer than 2 leases are not shown. Compiled by The Roebling Team at Compass from closed leases.
What would your apartment rent for?
The figures above are the building's closed leases. Enter your apartment and I'll send you what yours would rent for, from comparable leases at The Octavia and nearby.
At the recent median sale of $825K (3 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $31,237 to close, or 3.8% of the price.
- Mansion tax: $0
- Mortgage recording tax: $11,911
- Title insurance: $3,712
- Attorneys, lender, building fees, reserves and filings: $15,614
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
Keep up with The Octavia and its market
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What to know if you’re buying
This is a full-service, privacy-focused condominium. The purchase process is condominium-standard — a right-of-first-refusal review rather than co-op board admission — and financing, pied-à-terre and investor rules should be confirmed in the current declaration and bylaws. The building's policies are buyer-friendly: gifting of funds and parents buying with children are both allowed. The differentiators are floor, view, and the two-per-floor privacy, so evaluate exposure and level carefully. Budget for the closing-side fees — including the right-of-first-refusal waiver and move-in costs — and read the offering plan for common charges and the tax projection.
What to know if you’re selling
Lead with privacy and views. Two apartments per floor, curved balconies, spacious layouts, and high-floor city views are a distinctive package in postwar Turtle Bay. Benchmark to the Turtle Bay condominium segment, where floor, view, and exclusivity drive value. The condominium structure replaces co-op board admission with a right-of-first-refusal process; confirm gifting and parental-purchase rules in the declaration and bylaws. The Grand Central, UN, and subway proximity anchors the location pitch. Position the high-floor, best-view homes accordingly — that is where the premium concentrates.
Comparable buildings
If you're considering The Octavia, also look at these nearby Midtown East and Turtle Bay options:
- 240 East 47th Street — Turtle Bay condominium nearby
- 212 East 48th Street — a 1924 prewar Turtle Bay cooperative
- 305 East 45th Street — Turtle Bay building near the UN
- 250 East 49th Street — a 24-story full-service condominium
- 301 East 48th Street — Midtown East cooperative
More Midtown East buildings
- 212 East 48th Street — 1924 co-op
- 212 East 57th Street — 2004 condominium
- 216 East 52nd Street — 1900 condominium
- 218 Madison Avenue — condominium
- 219 East 44th Street — 2020 condominium
- The Leslie House (220 East 54th Street) — 1960 co-op
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.
Considering a move at The Octavia?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com