Prime Commercial Condo Investment - The Diplomat at 210 East 47th Street Discover an exceptional investment opportunity in Midtown East's coveted Turtle Bay neighborhood. Located in The Diplomat, a distinguished 13-story condominium tower built in 1957, this mid-block building offers full-time doorman service, on-site laundry, elevator access, and a gracious… Read More marble lobby-hallmarks of elevated city living. The property enjoys unbeatable proximity to Grand Central Terminal and multiple subway lines (4, 5, 6, 7, E, M), along with a host of shops, cafes, supermarkets, and cultural attractions-making it a top-tier urban medical office destination. This offering includes two adjacent turnkey medical suites: Unit 1AP, currently occupied by a general practitioner under lease through the next year, generating over $11,000/month in revenue; and Unit 1BP, fully configured as a dermatologist's office, with all equipment available and poised to rent at $10,000+/month-or to serve as a turnkey office for an end user. Each unit also comes with its own dedicated storage/basement space of approximately 500 square feet, providing invaluable flexibility for records, equipment, or staff use. The combined income and potential upside more than offset expenses, further enhanced by the building's extremely low carrying costs. Investors, practitioners, or owner-occupiers will appreciate the convenience of assuming an income-producing asset in a well-run building with a strong financial profile. The location not only assures steady tenant demand and operational continuity but also offers unmatched access to public transit and the Midtown East commercial-residential ecosystem, making it an ideal setting for medical or professional services. Whether you're seeking stable returns or envisioning a high-profile office footprint, this property promises both financial performance and prestige. There is currently an assessment in place for 24 months, beginning July 2025, of $311.05 for Unit 1AP and $356.55 for Unit 1BP. Read Less
Listing Courtesy of: Daniel Rosenstein, Serhant
Listing Snapshot
Days Online
23
Last Updated
Property Type
Apartment
Full Baths
2
Partial Baths
2
Year Built
1956
MLS Number
RLS20071020
30 Days Snapshot Of 10017
$993k
-13%
(avg) sold price
13
-7%
homes sold
Snapshot
Area Map
Additional Details
Building
Entry Level: 1, Features: Elevators, Living Area Units: SquareFeet, Name: The Diplomat, Rooms Total: 16, Structure Type: HighRise
Exterior Features
Patio And Porch Features: None
Property
Property Sub Type: Apartment
Taxes
Tax Block: 01320, Tax Lot: 0000
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Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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