249 49th St New York, NY 10017-1563
Property Lookup
Property profile & analytics
249 49th St New York, NY 10017-1563
- Retail residential properties
- 4,344 SF
- 0.04 lot acres
Property ID
US63-3314699
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Okatte Tanto NY / Restaurant
- Lillie's Victorian Establishment / Bar & Pub / Nightclub
Property Details for 249 49th St
- Year built
- 1900
- Lot size
- 0.04 lot acres
- Property size
- 4,344 SF
- Zone code
- R8B
- Property type
- Retail residential properties
- APN
- 01323-0021
- APU
- 13230021
Description
This exceptional mixed-use property at 249 East 49th Street in New York City's coveted Turtle Bay neighborhood presents a unique investment opportunity. The 4-story, 4,344 square foot building, constructed in 1900, features a ground-floor Japanese restaurant and vacant upper floors ready for immediate occupancy. The second and third floors offer versatile retail or office space, while the fourth floor comprises a four-bedroom apartment with spacious living, kitchen, and dining areas overlooking a private backyard. The property is zoned R8B, allowing for a maximum buildable square footage of 7,200, presenting significant future development potential. Currently generating a Net Operating Income (NOI) of $187,444 and boasting a 3.07% cap rate, this asset offers a compelling return on investment. The asking price is $6,100,000, translating to $1,404.24 per square foot. Located between Second and Third Avenues, this property benefits from its proximity to Grand Central Station and the upscale residential character of the surrounding area. The 0.04-acre lot provides a solid foundation for a variety of uses, making it an ideal acquisition for both seasoned investors and discerning entrepreneurs. All floors, except the ground floor restaurant, will be delivered vacant.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,310,000
- 6.5%
- $2,130,000
- 7%
- $1,980,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,775,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9693
- Latitude
- 40.7546
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$113,583
$406,800
$793,350
$1,200,150
-
$904,000
$1,479,000
$2,383,000
