330 East 49th Street, 1-E

CASH-FLOWING MIDTOWN EAST CONDO UNDER $500K.Offered at $499,000, Unit 1E at The Beekman East is leased on a free-market basis through July 31, 2027, giving an investor immediate income from closing without an initial vacancy or lease-up period. At the current lease rate, the property generates approximately $26,500 annually after current real estate taxes and common charges, equating to approximately 5.3% at the asking price on that basis.Beyond the numbers, the apartment offers approximately 510 square feet of interior space plus approximately 400 square feet of private outdoor space. The rebuilt weatherproof composite deck has no shared access and opens directly from the residence.Inside, the renovated alcove studio features luxury vinyl plank flooring, PTAC units, custom closets, an updated bath with glass-enclosed shower, and a kitchen with stainless steel appliances and granite countertops.Full-service, pet-friendly doorman condominium near the United Nations, Grand Central, transit, restaurants and the East River waterfront.Cash purchase only. Lease terms and complete financial details available upon request.