Anagram Turtle Bay
Address
300 East 50th Street, New York, NY 10022
Price Range
$1,800,000 – $5,500,000
Bedrooms
1-3 BR
Completion
2026
A New Landmark in Turtle Bay
Anagram Turtle Bay is a brand-new 23-story luxury condominium at 300 East 50th Street, developed by a joint venture of Global Holdings and MAG Partners. Located in the heart of Turtle Bay, one of Midtown East's most charming residential neighborhoods, the building offers 130 thoughtfully designed residences with a focus on livability, light, and connection to the surrounding neighborhood.
Residences
One to three-bedroom residences feature nearly floor-to-ceiling windows that flood interiors with natural light and frame skyline views. Interiors are appointed with European oak floors, custom Italian kitchens, stone countertops, and spa-inspired bathrooms. Corner residences offer dual exposures and enhanced proportions. The 2026 completion means buyers can customize select finishes.
Amenities & Location
Amenities include a rooftop pool and sun deck, state-of-the-art fitness center, spa with sauna, residents' club room, children's playroom, coworking lounge, and a landscaped courtyard. The building is steps from the United Nations, Grand Central Terminal, and the retail and dining of Second and Third Avenues. The 6 train and E/M lines provide excellent transit access.
Investment Perspective
Turtle Bay offers a rare combination of Midtown convenience and residential tranquility. With strong demand from UN diplomats, international professionals, and corporate relocations, the neighborhood commands premium rental rates. Anagram's 2026 delivery allows investors to lock in pre-completion pricing with anticipated value appreciation upon delivery.
Estimated Monthly Costs
$2,400
Property Tax
$1,800
HOA / Common Charges
$450
Insurance
Amenities
Information for International Buyers
Purchasing as a Foreign Buyer
Foreign nationals can purchase property in New York City with no restrictions on ownership. Unlike some countries, the U.S. does not require citizenship or residency to own real estate. Purchases can be made in a personal name, through an LLC, or via a foreign corporation.
Financing is available for foreign buyers, though terms typically require a 30-50% down payment and may carry higher interest rates than for U.S. residents. Several banks in NYC specialize in foreign national mortgages and accept alternative documentation.
Key considerations include FIRPTA withholding tax (15% of sale price held at closing, refundable if no tax is owed), potential estate tax exposure for non-resident aliens (federal exemption of only $60,000), and annual property tax obligations. We recommend working with a CPA and attorney experienced in cross-border real estate transactions.
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