Residential Income Property with
For Sale
$1,500,000
236 E 47TH Street 27DE, New York City, NY 10017
Combined residence with two deeds, flexible layout, private balcony, and full-service condominium amenities.
Property Size1,413 SF
Price / SF$1,061
Days on Market58
Property Features for 236 E 47TH Street 27DE
General Information
Standard status
Active
Size
1,413 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$25,836
Amenities
24-hour doorman
concierge
live-in superintendent
landscaped roof deck
glass-enclosed rooftop lounge
laundry room
Building Details
Building Size
1,413 SF
Year Built
1988
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
June A Phillips
(212) 381-6511
Source:
Lenasimpson
Added: Sep 8
Changed: Oct 31
Last Checked: Nov 3 at 12:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This combined residence spans approximately 1,413 square feet and includes spacious living and dining areas, a windowed kitchen, two bedrooms, two full bathrooms, a powder room, and an in-unit washer/dryer. The primary bedroom has custom closets and an en-suite bath, while the second bedroom includes a built-in Murphy bed, desk, and additional storage. A private west-facing balcony extends the living space and captures northern and western views, including the Manhattan skyline and Turtle Bay Gardens.
The property is located in Midtown East near Grand Central Terminal, transportation, restaurants, and shopping. The Club at Turtle Bay Condominium provides a 24-hour doorman and concierge, live-in superintendent, landscaped roof deck, glass-enclosed rooftop lounge, and central laundry room. Residents also have access to discounted Vanderbilt YMCA membership, with parking and storage available for an additional fee.
The property is located in Midtown East near Grand Central Terminal, transportation, restaurants, and shopping. The Club at Turtle Bay Condominium provides a 24-hour doorman and concierge, live-in superintendent, landscaped roof deck, glass-enclosed rooftop lounge, and central laundry room. Residents also have access to discounted Vanderbilt YMCA membership, with parking and storage available for an additional fee.
Key Highlights
- Approximately 1,413 square feet with two bedrooms and two full bathrooms
- Two separate deeds support flexibility in use and layout
- Private west‑facing balcony with northern and western views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,209
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,180
$884.2K
Cap Rate 7%
$631,557
$631.6K
Cap Rate 9%
$491,211
$491.2K
Market Conditions
NOI Build-Up for 1,413 SF
Gross rent
$84.6K $59.88/SF
− Vacancy
−$4.2K −$2.99/SF
EGI
$80.4K $56.89/SF
− OpEx
−$36.2K −$25.60/SF
NOI
$44.2K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,180
Cap Rate 7%
$631,557
Cap Rate 9%
$491,211
Alternative Uses
Best Use
Apartment 5plus
$631.6K
$552.6K – $736.8K
NOI $44,209 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.52M
$3.08M – $4.10M
NOI $246,201 @ 7.0% cap · market cap 16.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
58,096
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Combined residence with two deeds, flexible layout, private balcony, and full-service condominium amenities.
Where is this residential income property located?
The property is located at 236 E 47TH Street 27DE New York City, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 1,413 square feet with two bedrooms and two full bathrooms; Two separate deeds support flexibility in use and layout; Private west‑facing balcony with northern and western views
