301 East 48th Street
301 East 48th Street, New York, NY 10017
Midtown East
BBL 1013410001 · BIN 1038916
- Year built
- 1961
- Type
- Cooperative
- Landmark
- No
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
- $832
- Listing discount
- 3.1%
- Recorded sales
- 214
- On record
- 2003–2026
Marlo Towers is a full-service post-war cooperative in the heart of Turtle Bay, completed in 1961 and converted to co-op ownership in 1981. A 20-story gray-brick tower at the corner of East 48th Street and Second Avenue, it offers something Midtown East buyers consistently chase: generously proportioned apartments, a deep service package, and a quiet, established residential pocket — all a short walk from Grand Central, the United Nations, and the East River.
The building's appeal is practical and durable. Its apartments are known for their size and livability — many with sunken living rooms, ample closets and storage, and private balconies on certain lines — and the cooperative is run as a true full-service building, with a 24-hour doorman, a live-in resident manager, and an on-site garage. For buyers who want space and services in a central Midtown location without paying new-construction prices, Marlo Towers has long been one of Turtle Bay's reliable value addresses.
Architecture and unit composition
This is a well-built example of the early-1960s Manhattan apartment tower: a 20-story gray-brick slab with balconied lines and the solid, practical construction of the period. The 196 residences range from studios through combined two- and three-bedroom layouts, with the larger homes prized for their proportions — sunken living rooms, generous room sizes, and the kind of storage that newer buildings rarely provide. Private terraces and balconies appear on select lines, and upper-floor homes capture East River and skyline exposures.
The building's design priorities are the ones that age well: light, space, and durability over ornament. The furnished roof deck — with panoramic East River and city views — is the building's amenity centerpiece, a shared outdoor room that takes full advantage of the Turtle Bay location.
Building operations
Marlo Towers operates as a full-service cooperative. Staffing includes a 24-hour doorman and a live-in resident manager, and the building maintains a comprehensive set of services: the furnished roof deck, an indoor parking garage accessible from inside the building, a common laundry room, bike storage, and complimentary per-floor luggage storage. Monthly maintenance reflects the staffing and the garage, spread across 196 homes.
As a cooperative, purchases are subject to board review, and the building maintains its own policies on financing, subletting, and pets. Prospective buyers should expect a standard board-application process and an interview, with a financing requirement in line with established Turtle Bay co-ops.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $94,832/yr
- Per unit / month range
- $0 – $40
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 before the next inspection cycle. The scope, timeline, and how the building funds the work are building-specific — we review the filings and board materials for you.
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent). Source: NYC DOB facade filings (FISP) · The Roebling Research Library.
See the full facade history →Management & transfer contacts
- Flip tax
- Flip Tax (required), Seller, at closing: amount determined after Board reviews Computation Transfer Fee Form
- Sublet policy
- Sublet Fee (required): 1-year sublet = 1 month's rent, 2-year sublet = 2 months' rent
- Notable fees
- Managing Agent's Fee $850 and NYS Transfer Tax Stamps $.05/share at closing; $700 application processing fee
Recent sales
Recent transfers at this building, curated by The Roebling Team research desk. Apartment-level facts are independently verified before publishing; sale prices reflect the recorded transfer amount at the NYC Department of Finance.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 1, 2026 | 2G | 1 BR · 1 BA · 950 sf | $740,000 | $779/sf | -3.9% |
| Apr 27, 2026 | 17F | 2 BR · 2 BA · 1,400 sf | $1,150,000 | $821/sf | -3.8% |
| Apr 16, 2026 | 19B | 1 BA · 500 sf | $430,000 | $860/sf | -4.2% |
| Feb 12, 2026 | 4B | 2 BR · 1 BA · 1,000 sf | $760,000 | $760/sf | -1.2% |
| Jan 28, 2026 | 14H | 1 BR · 1 BA · 700 sf | $488,000 | $697/sf | +0.0% |
| Jan 8, 2026 | 15 | 2 BR · 2.5 BA | $1,530,000 | -7.3% | |
| Dec 19, 2025 | 5D | 2 BR · 2 BA | $1,157,500 | -3.1% | |
| Dec 17, 2025 | 14J | 1 BR · 1 BA · 860 sf | $640,000 | $744/sf | -8.4% |
Market read. Most recent trades (2026) cleared a median $832/sf across 5 sales. Median listing discount 3.1% 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.
Other recent transfers
| Date | Unit | Price |
|---|---|---|
| Nov 7, 2003 | 6H | $390,000 |
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 1-01341-0001) 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; square footage on co-ops is not officially recorded, figures shown are approximate.
What to know if you’re buying
Space and services are the draw. The larger, well-laid-out homes — many with sunken living rooms and serious storage — are the building's signature, and the full-service operation plus on-site garage is a genuine convenience in Midtown. Prioritize layout, floor, and exposure when comparing available homes; balconied and East River-facing lines carry the premium.
This is a cooperative, so plan for a board package and interview, and confirm your financing fits the building's requirements before you bid. The payoff is ownership economics — more space and services per dollar than comparable condominium product in Turtle Bay.
The location is quietly central. You are in residential Turtle Bay, steps from Second Avenue's restaurants and services, a short walk from Grand Central and the East River, near the United Nations, and well-served by the cross-town buses and the 4, 5, 6, 7, and S trains at Grand Central. It is calm and established, yet minutes from the center of Midtown.
What to know if you’re selling
Lead with space, services, and the roof deck. A full-service Turtle Bay co-op with generously sized apartments, a live-in resident manager, an on-site garage, and a panoramic East River roof deck is a strong, specific value story — market it on livability and services, not just location.
Price to the building's drivers — floor, exposure, balcony or terrace, and renovation level. East River-facing and high-floor homes support the strongest pricing; interior units are positioned as accessible entry points. Buyers cross-shop Marlo Towers against both Turtle Bay co-ops and condominium alternatives, so the pitch is space and full service at co-op economics.
Co-op resales clear through board approval, so a well-prepared package and a financially qualified buyer keep the timeline predictable. With steady demand for spacious, full-service homes in central Midtown, well-presented apartments find their market.
Comparable buildings
If you're considering Marlo Towers, also evaluate nearby Midtown East and Turtle Bay ownership options:
- 305 East 45th Street — full-service Turtle Bay building near the UN
- 349 East 49th Street — Beekman Court, the 1940 Art Deco Turtle Bay co-op
- 400 East 51st Street (The Grand Beekman) — Beekman-area residence
- 425 East 51st Street — Beekman Place cooperative
- 40 Sutton Place — Sutton-area full-service co-op
- 16 Sutton Place — the 1960 red-brick co-op
The full playbook — what goes in the package, how boards read your financials, the interview, and the timeline — plus sample cover, reference, and personal letters you can adapt.
Considering a move at Marlo Towers?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at Marlo Towers 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.