Building Details

Stories 6

Listing Agency: RIPCO Real Estate

Listed By: Stephen R. Preuss · License #NY Show Phone

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 8:21PM

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Investment Insights

Based on property information with market context.

This six-story apartment building includes elevator service and has been maintained in its existing configuration. The property is 80% free-market, providing a defined mix of market-rate and other apartments within the building.

Located at 224 E 48th St in Midtown Manhattan, the asset carries a New York, NY 10017 address and offers a multifamily building format in a central Manhattan setting.

Key Highlights

• Six‑story apartment building with elevator service
• 80% free‑market apartment profile
• Located at 224 E 48th St, New York, NY 10017

Property Analytics

Property Profile

Current Use

Smart Apartment LLC Apartment Building Reimer Locksmith Locksmith Turtle Bay Suites Real Estate Agency Salient Group LLC Employment Agency

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Auto Parts Store Buffet Pet Grooming Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

58,096

Businesses Nearby

Explore this area Business Placement

Demographics for 10017, NY

17,401

Population

12,866

Households

1.4

Avg Household Size

38

Median Age

85%

College-Educated

97%

High-School Grad

0.3 sq mi

ZIP Area

58,003

Density / Sq Mi

$132,518

Median Household Income

$94,214

Median Earnings

$2,980

Median Rent

$808,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Maintained multifamily property with elevator service and a predominantly free-market apartment profile.

Where is this apartment building located?

The property is located at 224 E 48th St New York, NY.

What are key features of this property?

This property features: Six‑story apartment building with elevator service; 80% free‑market apartment profile; Located at 224 E 48th St, New York, NY 10017