$ 1,425,000
5
Rooms
2
Bedrooms
2
Bathrooms
Details
Condo
Ownership
$ 1,655
Real Estate Taxes
[Monthly]
$ 1,732
Common Charges [Monthly]
1,183/110
ASF/ASM
90%
Financing Allowed
Active
Status
Contact
Jennifer Lee
License
Licensed As: R.E. Associate Broker
Licensed Associate Real Estate Broker
Description
***** INVESTOR UNIT- TENANT IN PLACE UNTIL 2027 *****
Turnkey Investment in Midtown East! Apartment 19B at 240 East 47th Street presents a rare chance to own an income-producing condominium with a 3.5% cap rate. With a tenant already in place, this high-floor 2 -bedroom 2 full bath offers both immediate returns and long-term appreciation potential.
This spacious residence features a sun-filled living/dining room, a separate galley kitchen, hardwood floors, and abundant closet space. Oversized windows provide open city views and great light throughout the day — features that enhance renter appeal.
Investment Highlights:
Solid 3.5% cap rate
Tenant in place until June 2027 – instant rental income
Investor-friendly condo with flexible leasing policies
Strong rental demand in Midtown East
Building Amenities (Dag Hammarskjöld Tower):
24-hour doorman & concierge
State-of-the-art fitness center
Landscaped roof deck with panoramic city views
On-site laundry facilities
Resident manager & staff
Pet-friendly
Garage access
Location:
Perfectly situated in Midtown East near the United Nations, Grand Central, and multiple subway lines, 240 East 47th offers convenience for professionals and international tenants alike. Surrounded by top dining, shopping, and the East River esplanade, this is a consistently high-demand rental location.
Additional Details:
Low carrying costs relative to rental income
Condo purchase – no board approval
Turnkey Investment in Midtown East! Apartment 19B at 240 East 47th Street presents a rare chance to own an income-producing condominium with a 3.5% cap rate. With a tenant already in place, this high-floor 2 -bedroom 2 full bath offers both immediate returns and long-term appreciation potential.
This spacious residence features a sun-filled living/dining room, a separate galley kitchen, hardwood floors, and abundant closet space. Oversized windows provide open city views and great light throughout the day — features that enhance renter appeal.
Investment Highlights:
Solid 3.5% cap rate
Tenant in place until June 2027 – instant rental income
Investor-friendly condo with flexible leasing policies
Strong rental demand in Midtown East
Building Amenities (Dag Hammarskjöld Tower):
24-hour doorman & concierge
State-of-the-art fitness center
Landscaped roof deck with panoramic city views
On-site laundry facilities
Resident manager & staff
Pet-friendly
Garage access
Location:
Perfectly situated in Midtown East near the United Nations, Grand Central, and multiple subway lines, 240 East 47th offers convenience for professionals and international tenants alike. Surrounded by top dining, shopping, and the East River esplanade, this is a consistently high-demand rental location.
Additional Details:
Low carrying costs relative to rental income
Condo purchase – no board approval
***** INVESTOR UNIT- TENANT IN PLACE UNTIL 2027 *****
Turnkey Investment in Midtown East! Apartment 19B at 240 East 47th Street presents a rare chance to own an income-producing condominium with a 3.5% cap rate. With a tenant already in place, this high-floor 2 -bedroom 2 full bath offers both immediate returns and long-term appreciation potential.
This spacious residence features a sun-filled living/dining room, a separate galley kitchen, hardwood floors, and abundant closet space. Oversized windows provide open city views and great light throughout the day — features that enhance renter appeal.
Investment Highlights:
Solid 3.5% cap rate
Tenant in place until June 2027 – instant rental income
Investor-friendly condo with flexible leasing policies
Strong rental demand in Midtown East
Building Amenities (Dag Hammarskjöld Tower):
24-hour doorman & concierge
State-of-the-art fitness center
Landscaped roof deck with panoramic city views
On-site laundry facilities
Resident manager & staff
Pet-friendly
Garage access
Location:
Perfectly situated in Midtown East near the United Nations, Grand Central, and multiple subway lines, 240 East 47th offers convenience for professionals and international tenants alike. Surrounded by top dining, shopping, and the East River esplanade, this is a consistently high-demand rental location.
Additional Details:
Low carrying costs relative to rental income
Condo purchase – no board approval
Turnkey Investment in Midtown East! Apartment 19B at 240 East 47th Street presents a rare chance to own an income-producing condominium with a 3.5% cap rate. With a tenant already in place, this high-floor 2 -bedroom 2 full bath offers both immediate returns and long-term appreciation potential.
This spacious residence features a sun-filled living/dining room, a separate galley kitchen, hardwood floors, and abundant closet space. Oversized windows provide open city views and great light throughout the day — features that enhance renter appeal.
Investment Highlights:
Solid 3.5% cap rate
Tenant in place until June 2027 – instant rental income
Investor-friendly condo with flexible leasing policies
Strong rental demand in Midtown East
Building Amenities (Dag Hammarskjöld Tower):
24-hour doorman & concierge
State-of-the-art fitness center
Landscaped roof deck with panoramic city views
On-site laundry facilities
Resident manager & staff
Pet-friendly
Garage access
Location:
Perfectly situated in Midtown East near the United Nations, Grand Central, and multiple subway lines, 240 East 47th offers convenience for professionals and international tenants alike. Surrounded by top dining, shopping, and the East River esplanade, this is a consistently high-demand rental location.
Additional Details:
Low carrying costs relative to rental income
Condo purchase – no board approval
Listing Courtesy of R New York
Contact
Jennifer Lee
License
Licensed As: R.E. Associate Broker
Licensed Associate Real Estate Broker
Features
A/C [Central]
Balcony
Washer / Dryer
View / Exposure
City Views
North, South, West Exposures
Building Details
Condo
Ownership
Full Service
Service Level
Attended Elevator
Access
Pets Allowed
Pet Policy
1320/7501
Block/Lot
High-Rise
Building Type
Post-War
Age
1983
Year Built
45/220
Floors/Apts
Building Amenities
Bike Room
Common Storage
Courtyard
Garage
Garden
Health Club
Laundry Rooms
Party Room
Playroom
Pool
Roof Deck
Sauna
Steam Room
Building Statistics
$ 1,115 APPSF
Closed Sales Data [Last 12 Months]
Contact
Jennifer Lee
License
Licensed As: R.E. Associate Broker
Licensed Associate Real Estate Broker
Mortgage Calculator
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
Listing ID: 782531
