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240 East 47th Street #19B
Condo in Turtle Bay •  building info
2bd • 2ba • 1,183ft² $1,205 per ft²
List Price

$1,425,000

Key Details
Days on market
266
Last price change
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Estimated payment
$11,284/mo
Taxes
$1,655/mo
Common charges
$1,732/mo
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 Hammarskjld 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

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Important Stuff
Washer/Dryer in unit
Elevator
Full Time Doorman
Cats and Dogs allowed
Home features
Dishwasher
Private outdoor space

Balcony

View

City, Skyline

Building amenities
Services and facilities
Bike Room
Concierge
Fios Available
Laundry in Building
Live In Super
Package Room
Parking

Garage

Storage

Locker/Cage

Wellness and recreation
Children's Playroom
Gym
Swimming Pool
Shared outdoor space
Roof Deck
Building info

History
What it'll cost
Purchase price
$1,425,000
Asking Price: $1,425,000
Term
30 Years
Down Payment
$142,000 (10%)
Min: 10% (142,000)
Rate
6.25 %
Mortgage Amount
$1,282,500
Mortgage Payment
$7,897
Common Charges
$1,732
Taxes
$1,655
Estimated closing cost
$54,000
Total monthly cost $11,284
Listing Courtesy of R New York

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