111 3rd Ave APT 14A, New York, NY, 10003 | $614/mo Cash Flow

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111 3rd Ave APT 14A, New York, NY, 10003 | $614/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in New York at 111 3rd Ave APT 14A, New York, NY, 10003 offers a 9.1% rental yield on a $680,000 purchase with $5,155/mo rent. Total monthly income registers $5,155/mo, and a $3,328/mo payment leaves $614/mo available for distribution. Annual cash flow reaches $7,372/yr on $223,720 to close, and return on cash invested stands at 23.36% in year one. Equity gained on principal adds $4,388/yr while 5% annual appreciation supports $187,871 over five years. Portfolio math shows five-year ROI at 121.94% and total cumulative return in cash at $272,796. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,155/mo property income against a $3,328/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1965

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Residence 14A at 111 Third Avenue - a bright and thoughtfully designed alcove studio in one of the East Village's most convenient full-service buildings. Perched on a high floor, this unit features open city views, beautiful natural light, and a smart layout that easily separates your sleeping, living, and dining areas. The alcove comfortably fits a queen-size bed, creating a true one-bedroom feel without sacrificing the open layout. Ample closets and hardwood floors complete the home. 111 Third Avenue is a well-run, full-time doorman building offering a landscaped roof deck with panoramic views, laundry in the building, basketball court, and a live-in superintendent. Located at the nexus of Union Square, Gramercy, and the East Village, you're just moments from the 4/5/6, N/Q/R/W, and L trains, Whole Foods, Trader Joe's, Target, dining, and boutique retail.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10003, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,236 (100%)
Owner Occupied HU	8,911 (27.6%)
Renter Occupied HU	19,242 (59.7%)
Vacant Housing Units	4,083 (12.7%)
Median Home Value	$1,114,519
Average Home Value	$1,316,464