Property 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

Property Features