245 East 50th Street
245 East 50th Street, New York, NY 10022
BBL 1013247501 · BIN 1071860
- Year built
- 1980
- Type
- Condominium
- Units
- 16
- Floors
- 10
- Landmark
- No
- Pets
- Pets permitted under the 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)
- $950
- Listing discount
- 3.4%
- Recorded sales
- 15
- On record
- 2003–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 245 East 50th Street 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.
245 East 50th Street — known as Ile St. Louis — is a boutique postwar condominium in Turtle Bay, on the tree-lined block of East 50th Street between Second and Third Avenues. Built in 1980, it offers something distinctive for a building of its size: a ten-story mid-rise with a rooftop terrace, giving a 16-residence building a genuine shared outdoor amenity and open views above the low-rise streetscape of Turtle Bay.
What buyers respond to here is the combination of postwar practicality and boutique scale. The building carries the efficient layouts and elevator convenience of an early-1980s condominium, with part-time door staff and in-building laundry, on a quiet Midtown East block within easy reach of the United Nations district, Grand Central, and the Second and Third Avenue corridors. The rooftop terrace is the standout feature and a real draw for a building this size.
The building is for buyers who want a practical, low-density Midtown East condominium with a roof deck and condo flexibility, without the carrying costs of a large full-service tower.
Architecture and unit composition
245 East 50th Street is a postwar mid-rise of its era — a ten-story masonry condominium built in 1980, topped by a rooftop terrace that gives the building its identity and its open outlook. The design is practical rather than ornamental, in keeping with the boutique postwar condominiums of Turtle Bay and Midtown East.
Inside, the 16 residences are efficient postwar condominium homes served by an elevator. Floor, exposure, layout, and light drive value; upper-floor residences and those with the best light and access to the roof carry the building's premiums. The low unit count and the rooftop terrace give the building a distinct, amenity-forward character for its size within the Midtown East market.
Building operations
245 East 50th Street operates as a boutique condominium with part-time door staff, an elevator, a rooftop terrace, central laundry, and resident storage. That is a well-judged package for a 16-residence building — a genuine outdoor amenity and part-time coverage without the staffing overhead of a large full-service tower, which keeps common charges proportionate. Common charges reflect the staffing and the roof deck; buyers should model the full monthly carry and review reserves and any capital history during due diligence, as is prudent for a boutique condominium now several decades into its operating life.
Local Law 97
This building is below the 25,000 sq ft threshold at which LL97 emissions caps apply. No regulatory capital pressure from this law specifically, current or 2030.
See full Local Law 97 analysis →Facade safety — Local Law 11
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.
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
As a condominium, 245 East 50th Street prices on a price-per-square-foot basis, with floor, exposure, light, outdoor access, and condition supporting premiums. Turnover is light for a boutique building of this size; both resale and owner-rental activity occur, but it is an ownership condominium, not a rental building. Apartment-level context — floor, exposure, layout, and condition — drives pricing more than any building average, and the roof deck and central Midtown East location support pricing for residences that present well.
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 |
|---|---|---|---|---|---|
| Aug 5, 2026 | 4A | 790 sf | $586,000 | $742/sf | off-mkt |
| Sep 25, 2025 | 6A | 1 BR · 1 BA · 790 sf | $845,000 | $1,070/sf | -0.4% |
| Aug 7, 2025 | 2A | 1 BA · 722 sf | $855,000 | $1,184/sf | -11.7% |
| Jun 24, 2020 | 2A | 1 BR · 1 BA · 723 sf | $800,000 | $1,107/sf | +6.8% |
| Jun 1, 2020 | 7A | 1 BR · 1 BA · 790 sf | $757,500 | $959/sf | -2.3% |
| Oct 19, 2017 | 7B | 1 BR · 1 BA · 825 sf | $925,000 | $1,121/sf | -7.0% |
| Jul 14, 2014 | 6B | 1 BR · 772 sf | $851,000 | $1,102/sf | -2.7% |
| Dec 6, 2012 | 9A | 1,590 sf | $1,875,000 | $1,179/sf | off-mkt |
Market read. Most recent trades (2026) cleared a median $950/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 3.4% 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 1-01324-7501). 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.
At the recent median sale of $845K (3 sales since 2024), a buyer putting 25% down would pay about $31,763 to close, or 3.8% of the price.
- Mansion tax: $0
- Mortgage recording tax: $12,200
- Title insurance: $3,802
- Attorneys, lender, building fees, reserves and filings: $15,761
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 roof deck is the signature amenity. A rooftop terrace is a real draw for a 16-unit building and gives open outlook above the Turtle Bay streetscape; confirm access and any rules for your situation.
This is a boutique, low-density building. Sixteen residences over ten floors — a calm building where the individual apartment, not a building average, drives the price.
The amenity package is proportionate. Part-time door staff, an elevator, laundry, and storage — real services scaled to a small building, which keeps common charges reasonable.
The location is practical and central. A quiet Turtle Bay block between Second and Third, within reach of the U.N. district, Grand Central, and multiple avenues.
Confirm the building's operating history. As a 1980 condominium, reserves, capital history, and any recent building work should be reviewed during due diligence.
Condo flexibility is real. Pied-à-terre, subletting, foreign buyers, and LLC/trust ownership are permitted under the declaration; closings run on condo timelines.
Mansion tax thresholds apply. At this building's pricing, the $1M and $2M cliffs can be in play. Run pricing through the Mansion Tax Calculator.
Variable board financial policy — confirm at offer stage. Financing percentages and any sublet terms specific to your situation should be confirmed in writing before you commit.
What to know if you’re selling
Lead with the roof deck and the scale. A boutique postwar condominium with a rooftop terrace in Turtle Bay is a specific, marketable story; foreground it.
Pricing requires apartment-level comps. With 16 residences, floor, exposure, light, and condition all move the number.
Present the outlook. Photography that reads the roof-deck views and the light of upper-floor residences supports price.
Comparable buildings
If you're considering 245 East 50th Street, also evaluate these nearby Turtle Bay and Midtown East condominiums:
- 230 East 50th Street — directly nearby Turtle Bay condominium
- 249 East 50th Street — directly nearby Turtle Bay condominium
- 138 East 50th Street — nearby Midtown East condominium
- 250 East 49th Street — nearby Turtle Bay condominium
- 309 East 49th Street — nearby Turtle Bay condominium
More Midtown East buildings
- 240 East 46th Street — 1961 condominium
- Dag Hammarskjold Tower, 240 East 47th Street — 1982 condominium by Gruzen Samton Steinglass
- 244 East 52nd Street (Minuet) — 2023 condominium by Isaac & Stern Architects
- 245 East 54th Street (The Brevard) — 1977 co-op by Emery Roth
- Loft53, 245 East 53rd Street — 2017 condominium
- 249 East 48th Street (Turtle Bay House) — 1957 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.
Considering a move at 245 East 50th Street?
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