232 East 47th Street (The Club at Turtle Bay)
232 East 47th Street, New York, NY 10017
BBL 1013207505 · BIN 1037604
- Year built
- 1988
- Type
- Condominium
- Units
- 173
- Floors
- 38
- Landmark
- No
- Pets
- Permitted under condominium rules
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Allowed
Every recorded sale at this building, 2003–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf (floor-adjusted)
- $1,188
- Listing discount
- 4.7%
- Recorded sales
- 194
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at The Club at Turtle Bay 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 Club at Turtle Bay is one of the more structurally distinctive residential towers in Midtown East. Completed in 1988 by Magma Equities and the Hakimian Organization, and designed by Liebman Liebman Associates, the postmodern tower is built directly above the historic Vanderbilt Branch YMCA — the developers acquired the YMCA's air rights, and the building cantilevers roughly six and a half feet outward above its base to rise over the lower-floor YMCA. The YMCA continues to occupy the building's base, and residents have historically enjoyed discounted membership, a genuinely unusual amenity relationship.
Beyond the engineering, the building's appeal is a deep amenity package on a quiet Turtle Bay block. East 47th Street between Second and Third places it minutes from Grand Central Terminal, the United Nations, and the Midtown East employment core, while the tower's full-service program and rooftop amenities give residents a high-rise service experience. Because the building is marketed under several addresses on the block — 232, 234, and 236 East 47th are the same condominium — buyers should confirm they are comparing the correct building.
As a condominium in a co-op-heavy neighborhood, The Club at Turtle Bay serves buyers who want ownership flexibility, full amenities, and a distinctive building, all within one of Manhattan's most transit-connected districts.
Architecture and unit composition
The 173 residences distribute across roughly 38 to 40 stories. The building's bold postmodern massing, the dramatic cantilever above the YMCA base, and its oversized windows give it a distinctive presence on the block. Select apartments include balconies, and higher floors capture open Midtown views.
The unit mix runs from one-bedrooms through larger layouts and penthouses. Floor, exposure, outdoor space, and renovation condition are the primary pricing variables; higher floors and units with open views and balconies command the premium within the building.
Building operations
The Club at Turtle Bay operates as a full-service condominium: a full-time doorman and concierge, a live-in resident manager, a fitness center, a resident lounge, a rooftop terrace and sky lounge, an on-site parking garage, laundry, and storage. The Vanderbilt Branch YMCA occupies the base, and residents have historically received discounted membership. 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. 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, and understand the building's air-rights and structural relationship with the YMCA below.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $35,493/yr
- Per unit / month range
- $0 – $17
- Modeled exposure split equally across 173 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.
Recent sales
The Club at Turtle Bay 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. Higher floors with open views and units with balconies command the premium.
The building's combination — a distinctive postmodern tower, a deep amenity package including rooftop space, a quiet Turtle Bay block near Grand Central, and condominium flexibility — supports steady demand across the district's buyer pool.
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 |
|---|---|---|---|---|---|
| Sep 14, 2026 | 30E | 2 BR · 2 BA · 1,040 sf | $1,300,000 | $1,250/sf | -2.6% |
| Jul 31, 2026 | 30B | 1 BR · 1 BA · 643 sf | $815,000 | $1,267/sf | -8.9% |
| Jul 22, 2026 | 16C | 2 BR · 2 BA · 912 sf | $1,200,000 | $1,316/sf | -7.7% |
| Jun 12, 2026 | 29E | 2 BR · 2 BA · 1,040 sf | $1,265,000 | $1,216/sf | -2.3% |
| Jun 3, 2026 | 15E | 1 BR · 1 BA · 600 sf | $690,000 | $1,150/sf | -1.3% |
| Nov 5, 2025 | 20C | 1 BR · 1 BA · 586 sf | $750,000 | $1,280/sf | +2.9% |
| Oct 3, 2025 | 8D | 1 BA · 389 sf | $550,000 | $1,414/sf | +0.0% |
| Aug 20, 2025 | 31F | 2 BR · 2 BA · 1,123 sf | $1,200,000 | $1,069/sf | -11.1% |
Market read. Most recent trades (2026) cleared a median $1,188/sf (floor-adjusted) across 5 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 4.7% 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 1-01320-7505). 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 Club at Turtle Bay, last 36 months
| Size | Leases | Median / month |
|---|---|---|
| Studio | 9 | $2,995 |
| 1 bedroom | 13 | $4,200 |
| 2 bedroom | 14 | $6,400 |
36 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 $1.2M (14 sales since 2024), a buyer putting 25% down would pay about $53,095 to close, or 4.4% of the price.
- Mansion tax: $12,000
- Mortgage recording tax: $17,325
- Title insurance: $5,400
- Attorneys, lender, building fees, reserves and filings: $18,370
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
Confirm the building. 232, 234, and 236 East 47th Street are the same condominium, marketed primarily as 236. Make sure your comparables are the correct building.
Understand the YMCA relationship. The building rises over the Vanderbilt Branch YMCA on acquired air rights and cantilevers above its base. Review the structural and air-rights arrangement, and confirm current terms on any resident YMCA benefit.
Amenities and floor drive value. The rooftop terrace and sky lounge are genuine draws; higher floors with open views and balconies command the premium. Confirm the specifics for the unit you are considering.
Condo flexibility is real. Pieds-à-terre, investment use, and subletting are permitted under the declaration.
Model the full carry. Confirm common charges, property taxes, and any assessment for the specific apartment.
What to know if you’re selling
Lead with the distinctive building and rooftop. The architecture, the rooftop amenities, and the quiet block near Grand Central are the marketing story. Foreground them.
Clarify the address. Because the building trades under several addresses, marketing should be clear that 232, 234, and 236 are one building — and lead with the primary marketed address.
Condition and floor set the price. Renovation quality and floor/exposure drive the pricing spread. Price against genuinely comparable units.
Comparable buildings
If you're considering 232 East 47th Street, also evaluate:
- 249 East 48th Street (Turtle Bay House) — full-service Turtle Bay condominium nearby
- 145 East 48th Street (The Cosmopolitan) — full-amenity Midtown East condominium tower
- 250 East 49th Street — Turtle Bay condominium nearby
- Midtown East — the broader corridor
More Midtown East buildings
- 227 East 44th Street — 2014 condominium
- 230 East 50th Street — 1927 co-op
- 230 West 55th Street (La Premiere) — 1979 condominium by Philip Birnbaum & Associates
- 235 East 49th Street (Midtown East) — 1925 co-op
- The Pfizer Building (235 East 42nd Street)
- 240 East 46th Street — 1961 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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