Dag Hammarskjold Tower
240 East 47th Street, 19-B
Turtle Bay | NY | Third Avenue & Second Avenue
Rooms
5
Bedrooms
2
Bathrooms
2
Status
Active
Real Estate Taxes
[Monthly]
$ 1,557
Common Charges [Monthly]
$ 1,732
ASF/ASM
1,183/110
Financing Allowed
90%
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
***** 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
Care to take a look at this property?
Christopher Pasquale
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.