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328-330 East 48th Street, New York, NY 10017

Two contiguous vacant buildings sit near the United Nations and Midtown office corridors.

Property Size20,512 SF
Days on Market3

Property Features for 328-330 East 48th Street

General Information

Standard status Active
Size 20,512 SF
Property subtype Commercial

Building Details

Building Size 20,512 SF
Listed By: Clint Olsen · License #1030122001 (NY)
Source: Matthews
Added: Oct 12 Changed: Oct 13 Last Checked: Oct 13 at 2:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clint Olsen

Investment Insights

Based on property information with market context.

The offering comprises two contiguous buildings totaling approximately 20,000 SF on a 50' x 100' lot. The properties are delivered vacant, providing a consolidated site in Midtown East.

Situated between First and Second Avenues in Turtle Bay, the property is near the United Nations and within reach of Grand Central Terminal, Midtown office corridors, restaurants, retail, and neighborhood amenities.

Key Highlights

  • Two contiguous buildings totaling approximately 20,000 SF
  • Delivered vacant
  • 50’x100’ lot

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Nursing Home Gym & Fitness Center (Bike/Boat/Book/etc) Store

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

5,764
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Commercial land - Two contiguous vacant buildings sit near the United Nations and Midtown office corridors.
Where is this commercial land located?
The property is located at 328-330 East 48th Street New York, NY.
What are key features of this property?
This property features: Two contiguous buildings totaling approximately 20,000 SF; Delivered vacant; 50’x100’ lot
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