SOLD FOR $1,400,000
Listed at $1,425,000 · Sold 1.8% below asking · Closed February 12, 2026
$1,400,000
$1,183 per sq ft
Listed at $1,425,000 $-25,000 vs asking
240 E 47th Street #19-B
MLS® #RLS20005798
Listing by R New York
2
Bedrooms
2
Baths
1,183
Sq. Ft.
1983
Year Built
Sale Details
Property Summary
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 Details
Similar Active Listings in Turtle Bay
View All
Active
250 E 53rd Street #2903
Condo • RLS #RLS20074166
Active
301 E 45TH Street #7D
Condo • RLS #RLS20084846
Active
845 UNITED NATIONS Plaza #43C
Condo • RLS #RLS20014383
Active
225 E 46TH Street #12H
Condo • RLS #RLS20109874
Active
225 E 46TH Street #1B
Condo • RLS #RLS20109873
Active
244 E 52ND Street #6B
Condo • RLS #RLS20109872
Listing courtesy of Christopher Pasquale at R New York. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.