240 East 47th Street Midtown East Apartment For Sale
- 2 Bedrooms
- 2 Bathrooms
- Balcony
- $1,425,000
***** 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
- Ownership Type: Condominium
- Pet Policy: Pets Allowed
- Features: Balcony, Washer Dryer
Listing courtesy of Charles Rutenberg, LLC
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The Building
- Building Type: High-Rise
- Built: 1983
- Elevator: Yes
- Doorman: No
- Features: Bike Room, Cold Storage, Common Storage, Courtyard, Garage, Garden, Health Club For A Fee, Laundry Room, Lounge, Luggage Storage, Nursery, Party Room, Pets Allowed, Pool, Roof Deck, Sauna, Steam Room
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