Description
Tucked along a charming stretch of Midtown East, 245 East 52nd Street presents a rare and highly flexible townhouse opportunity-thoughtfully configured as two expansive triplex residences, one occupying the lower floors and the other the upper. This "smart split" layout offers a natural balance: ideal for an owner seeking a live-with-income setup, a multigenerational residence, or an investor looking for strong, adaptable cash flow.
Each triplex lives like a true home rather than a typical apartment. The lower residence enjoys a grounded, private feel with seamless access to outdoor space, while the upper triplex rises above the city with light, air, and skyline perspectives. Both units benefit from generous proportions, multiple bedrooms, and a sense of separation that makes them equally compelling in their own right.
A standout feature-rare even among townhouses-is the commercial-grade elevator, providing effortless access to every level of the home. It's a quiet but powerful advantage, opening the door to a wide range of uses, from luxury rental configurations to a seamless single-family conversion.
What makes this property particularly compelling is its versatility. Keep the current two-unit layout and enjoy
immediate usability, or reimagine the entire building into a grand single-family residence.
In a neighborhood defined by proximity-to the United Nations, Midtown offices, and the East River-this townhouse sits at the intersection of convenience and opportunity. Whether you're an end-user, investor, or developer, 245 East 52nd Street offers a canvas that adapts to your vision, with scale, infrastructure, and flexibility already in place.
Elevatored Midtown East Townhouse with Income & Transformational Potential
Introducing a rare 6-story elevatored townhouse in the heart of Turtle Bay, offering approximately 5,940 square feet plus a full basement, private garden, and rooftop terrace.
Currently configured as a two-family residence with two expansive triplex homes , each residence features:
- 4 bedrooms
- 2.5 bathrooms
- Entertaining spaces
- Excellent light
This unique layout creates the ideal live-with-income opportunity , while also presenting a clear path to convert into a spectacular single-family residence .
Outdoor Living
- Private garden - perfect for entertaining or quiet retreat
- Rooftop terrace with open Midtown views
Why This Is a Smart Buy
- market entry point
- Immediate income potential
- Significant upside through repositioning
- Flexible use - adapt to your lifestyle or investment goals
Value-Add & Repositioning Opportunities
- Convert to a luxury single-family townhouse
- Maintain as two high-end duplex/triplex residences
- Live in one unit and generate income from the other
- Create a live + work residence
- Upgrade interiors to push rents higher
- UN/Mission/Embassy/Office Space (commercial elevator in place)
Ideal For
- End-users seeking space + income
- Buyers looking to create a custom townhouse
- Investors seeking a value-add opportunity in Midtown East
- International buyers looking for a prime NYC asset
- 1031 Exchange
Located in Midtown East's Turtle Bay, moments from:
- United Nations Headquarters
- Grand Central Terminal
- Chrysler Building
- JP Morgan Headquarters and many more
Why it works:
Hard asset in global city
Multiple uses (rare)
Underpriced basis
Income day 1
Upside without risk of vacancy
THIS is flexible + safe + scalable
Listing courtesy of Corcoran Group
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