240 E 47th St APT 19B, New York, NY 10017

***** 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 Note there is a recapture of cc adjustment ongoing until Dec 25 of $21.08.