249 East 50th Street
249 East 50th Street, New York, NY 10022
BBL 1013247502 · BIN 1090401
- Year built
- 2019
- Type
- Condominium
- Units
- 27
- Pets
- Pets permitted under the condominium declaration
- Subletting
- Permitted under the condominium declaration
- Pied-à-terre
- Generally allowed in condominiums; not confirmed for this building
- 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, 2006–2025
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf, 2025
- $1,764
- 1 sale
- Recorded sales
- 26
- On record
- 2006–2025
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 249 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.
249 East 50th Street is a new-construction boutique condominium — first temporary certificate of occupancy September 2022, final certificate August 2024 — on a site with a particular New York pedigree: it stands where Lutèce, one of the most celebrated French restaurants in the city's history, operated for decades before closing in 2004. The building that replaced it is a contemporary condominium of 27 residences designed by Isaac & Stern Architects, with porcelain façade panels and limestone accents — a deliberately small, design-forward project in a corner of Turtle Bay long defined by townhouses and low-rise apartment houses.
The architectural idea is a building wrapped around its own interior garden. The L-shaped massing — a lower portion to the west and a taller portion to the east — forms a landscaped central court that brings light and a sense of calm into a dense Midtown block. That courtyard is the building's signature, and it shapes the apartments: many residences look onto the garden rather than directly across the street, an unusual amenity at this scale and location.
The proposition is a recent-construction, full-service boutique condominium in central Midtown East — new building systems, contemporary finishes, and a small, private community — within a short walk of the United Nations, the Lexington Avenue subway, and the Midtown business district. For buyers who want new construction without the scale and anonymity of a large tower, 249 East 50th Street is a focused answer.
Architecture and unit composition
The façade supplier identifies Dover Arena porcelain panels with limestone accents; the architect’s earlier design description specifies limestone panels. Apartments feature floor-to-ceiling, dual-opening insulated windows, European kitchens with high-end appliances, in-unit washer-dryers, and generous ceiling heights. The L-shaped plan and interior courtyard produce a mix of garden-facing and street-facing exposures across the 27 residences.
As a condominium, apartments are valued on a price-per-square-foot basis. Floor, exposure (garden versus street), and the quality of the original new-construction finish package are the dominant variables. The upper floors of the taller eastern portion capture the building's best light and open views.
Building operations
249 East 50th Street operates as a full-service boutique condominium: an attended, double-height lobby, a fitness center, the landscaped central courtyard, a roof deck with panoramic views, bike storage, a package room, and laundry. For a 27-unit building, that is a deep amenity package — a function of the project's design-forward, premium positioning.
Governance is by a condominium board. Condominium ownership carries the flexibility characteristic of the form: pied-à-terre use, investment ownership, and subletting are permitted under the declaration, pets are permitted, and resales are not subject to cooperative-style board approval. Any right-of-first-refusal mechanics and renovation rules should be reviewed against the current bylaws and house rules. As recent construction, the building should also be reviewed for the standard new-development diligence items: sponsor warranty status, reserve funding, and any open building-systems matters.
Building staffing and amenities
- Doorman
- Full-time doormanSource: recent listing records
- Concierge
- YesSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Package room
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of City Planning records (PLUTO)
- Amenities noted
- Fitness room, roof deck, garden, bike storageSource: 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
- $5,521/yr
- Per unit / month range
- $0 – $17
- Modeled exposure split equally across 27 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 →Recent sales
249 East 50th Street is a small, recently delivered condominium. Confirm current sponsor holdings and distinguish sponsor sales from resales. Use reliable apartment measurements when comparing prices per square foot, and supplement the available dated in-building sales with matched Turtle Bay / Midtown East condominium sales where necessary.
The pricing argument is recency and design: a 2022-delivered, full-service, garden-wrapped boutique condominium at a price point set by new construction. Garden-facing exposures and high-floor units in the taller portion command the building's premium. Verify the most recent closings against NYC Department of Finance recorded transfers and exclude any non-arms-length transfers from your analysis.
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 1, 2025 | 12 | 3 BR · 1,942 sf | $3,425,000 | $1,764/sf | — |
| Jun 22, 2023 | 3D | 1 BR · 1 BA · 699 sf | $975,000 | $1,395/sf | -2.4% |
| May 9, 2023 | 16 | 3 BR · 3 BA · 1,942 sf | $3,600,000 | $1,854/sf | -10.0% |
| Nov 10, 2022 | 10Sponsor Sale | 1,942 sf | $2,787,052 | $1,435/sf | — |
| Nov 10, 2022 | 9Sponsor Sale | 1,942 sf | $2,877,685 | $1,482/sf | — |
| Nov 10, 2022 | 16Sponsor Sale | 3 BR · 3 BA · 1,942 sf | $2,754,591 | $1,418/sf | — |
| Nov 10, 2022 | 12Sponsor Sale | 3 BR · 3 BA · 1,942 sf | $2,754,590 | $1,418/sf | — |
| Nov 10, 2022 | TH2Sponsor Sale | 2,102 sf | $3,164,325 | $1,505/sf | — |
Market read. Most recent trades (2025) cleared a median $1,764/sf (recorded) across 1 sale.
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 1-01324-7502; 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.
What would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at 249 East 50th Street and nearby.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
Keep up with 249 East 50th Street and its market
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What to know if you’re buying
Condo flexibility is real. No board approval to purchase; pied-à-terre, investment use, and subletting are permitted under the declaration. Confirm the specifics at offer stage.
The courtyard shapes value. Garden-facing apartments are a distinct product within the building. Decide whether you value the quiet, light, and privacy of the court over a street or skyline exposure.
It is new construction — diligence accordingly. Review sponsor warranty status, reserve funding, and any open building-systems items, as you would at any recently delivered building.
Comparable selection reaches beyond the building. With thin in-building resale turnover, pricing depends on the right new-condominium comps across Turtle Bay and Midtown East.
Run the mansion-tax math. At this building's price points, the $1M (and likely higher) cliff thresholds apply — model them.
What to know if you’re selling
Lead with design and the garden. The Isaac & Stern architecture, porcelain-and-limestone façade, and landscaped courtyard are the marketing story; document the garden exposure where you have it.
Price against new construction. Defensible pricing blends any in-building history with the broader Turtle Bay / Midtown East new-condominium comparables.
Closing is condo-fast. Resales are not subject to board approval; expect a 30–45 day path from contract to closing.
Comparable buildings
If you're considering 249 East 50th Street, also evaluate:
- 226 East 52nd Street (The Enclave) — boutique Midtown East condominium nearby
- 430 East 58th Street — Midtown East condominium
- 303 East 57th Street (The Excelsior) — large full-service Midtown East building nearby
- 425 East 58th Street (The Sovereign) — full-service Midtown East tower
More Midtown East buildings
- 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 Alexander, 250 East 49th Street — condominium
- The Mondrian, 250 East 54th Street — 1990 condominium by FXCollaborative (Fox & Fowle / FXFOWLE)
- The Veneto, 250 East 53rd Street — 2006 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 249 East 50th Street?
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