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$1,425,000 Sale Pending

  • For Sale
  • Pending
  • Apartment
  • 2 Beds
  • 2 Full Baths
  • 1,183 Sq. Ft.
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***** 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 rateTenant in place until June 2027 - instant rental incomeInvestor-friendly condo with flexible leasing policiesStrong rental demand in Midtown EastBuilding Amenities (Dag Hammarskjöld Tower):24-hour doorman & conciergeState-of-the-art fitness centerLandscaped roof deck with panoramic city viewsOn-site laundry facilitiesResident manager & staffPet-friendlyGarage accessLocation: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 incomeCondo purchase - no board approval

Full Property Details for 240 E 47th St #19-B

General

  • Price: $1,425,000
  • HOA FEE: $1,732/month
  • Taxes: $19,860
  • Status: Pending
  • Type: Apartment
  • Source: REBNY
  • MLS ID: RLS20005798
  • Updated: 12/3/2025
  • Added to Site: 328 day(s) ago

Interior

  • Number of Rooms: 5
  • Interior Features: Dining Area, Entrance Foyer
  • Appliances: Dryer, Washer

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Building Washer Dryer Install Allowed, Common Area, In Unit

Exterior

  • Exterior Features: Building Storage, Building Courtyard, Building Garden, Balcony, Building Roof Deck, Private Outdoor Space Under 60 Sqft
  • Porch/Patio/Deck: Balcony

Parking

  • Garage: Yes

Location

  • County: New York
  • Subdivision: Turtle Bay
  • Cross Streets: Third Avenue/Second Avenue

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Structural Information

  • Structure Type: High Rise
  • Stories/Levels: 45
  • Square Feet: 1,183
  • Living Area: 1,183 Sq. Ft.
  • Year Built: 1983
  • Other Struct. Feat.: Elevator(s)

Lot Features

  • Property View: City

Financial Considerations

  • Association Fee: $1,732
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $19,860

Disclosures and Reports

  • Special Conditions: Standard
  • Block: 1320
  • Lot Number: 7501

Listing Courtesy of R New York

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Listing agent

— 240 E 47th St #19-B —

  • R New York

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 240 E 47th St #19-B

School District:New York City Geographic School District 02
NameGradesDistance
Ps 116 Mary Lindley Murray
210 East 33rd Street, New York, NY 10016
5-40.7 mi
Jhs 104 Simon Baruch
330 East 21st Street, New York, NY 10010
7-81.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 240 E 47th St #19-B Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/04/2025
Price Reduced
$1,425,000
-1.72%
MLS
5/08/2025
Price Reduced
$1,450,000
-1.69%
MLS
2/27/2025
Listed
$1,475,000
18%
MLS
11/04/2022
Sold
$1,250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 240 E 47th St #19-B

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,859
6%
$160,692
-4%
2024
$18,687
2%
$167,589
15%
2023
$18,241
-16%
$145,907
-18%
2022
$21,767
3%
$177,442
3%
2021
$21,071
-8%
$171,772
-11%
2020
$22,867
25%
$193,360
2%
2019
$18,330
-15%
$189,702
—
2018
$21,514
4%
$189,555
3%
2017
$20,636
5%
$184,474
6%
2016
$19,747
5%
$174,053
10%
2016
$18,812
30%
$157,564
2%
2014
$14,460
-17%
$154,202
9%
2013
$17,323
—
$140,937
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 240 E 47th St #19-B

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listing Courtesy of R New York

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240 E 47th Street #19-B, New York City, NY 10017 (MLS# RLS20005798) is a Apartment property with 2 bedrooms and 2 full bathrooms. 240 E 47th Street #19-B is currently listed for $1,425,000 and was received on February 27, 2025. Want to learn more about 240 E 47th Street #19-B? Do you have questions about finding other Apartment real estate for sale in New York City? You can browse all New York City real estate or contact a Coldwell Banker agent to request more information.

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