Sold on 2/12/2026 for $1,400,000
240 E 47th Street #19-B
MLS® #RLS20005798
Listing by R New York
2
Bedrooms
2
Baths
1,183
Sq. Ft.
1983
Year Built
Quick Summary
Property Highlights
- Views: City
- Exposure: North,South,West facing
- Outdoor Space: Balcony
Property Details
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
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
Building Information
Financial Details
About Turtle Bay
View All Turtle Bay ListingsTurtle Bay is a refined and diplomatic enclave, home to the United Nations Headquarters and numerous international consulates. The neighborhood is famous for the historic Turtle Bay Gardens and its tree-lined streets. Real estate in Turtle Bay offers a diverse selection, from elegant pre-war townhouses to modern luxury condominiums that provide a quiet residential atmosphere just steps away from the bustle of Midtown.
Turtle Bay Live Market Data
View NeighborhoodActive Listings
147
Median Asking Price
$1.30M
Median $/Sqft
$1,509
Avg Days on Market
N/A
New This Week
10
Price Reduced
33%
Sold (30 Days)
11
Median Sale Price
$1.29M
Live data from RLS at REBNY • Updated 2/16/26, 2:08 PM EST
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Location
240 E 47th Street #19-B, Turtle Bay, New York County • Near Third Avenue/Second Avenue
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
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Listing Courtesy of R New York - Christopher Pasquale
Listing Contact: (917) 414-2720
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.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 7:08 PM UTC