145 E 48th St APT 21A, New York, NY, 10017 | 6.99% Rental Yield

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145 E 48th St APT 21A, New York, NY, 10017 | 6.99% Rental Yield | 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

Rental property for sale in New York at 145 E 48th St APT 21A, New York, NY, 10017 generates $4,942/mo in rent, after a $4,155/mo payment. Total monthly income is $4,942/mo. Return on cash invested sits at 12.91% in year one, and rental yield is 6.99% on a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 67.36% and total cumulative return in cash sums $188,144. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,942/mo property income rather than buyer’s personal income.

Condo

Built in 1985

N/A lot

$N/A/sqft

$938 monthly HOA

More details about the property

Welcome to Apartment #21A at The Cosmopolitan, located on 48th Street between Lexington and Third Avenue. Step into this spacious one-bedroom condominium that offers a perfect balance of comfort and convenience. The open living space is flooded with natural light, drawing you towards your private balcony, where you can enjoy stunning city views with a Northern exposure. The generously sized primary bedroom features ample closet space and is designed for relaxation and ease. The apartment also includes a separate kitchen and a sleek marble bathroom. Nestled in an established neighborhood, you'll find everything you need just steps awayfrom Grand Central Station for seamless transportation, to a wide selection of restaurants, banks, markets, and a nearby food court. And for moments of quiet, the peaceful East River is just a short walk away. The Cosmopolitan is a prestigious, 24-hour doorman condominium offering not only a prime Midtown East location but also a suite of amenities, including concierge service, attentive staff, and an on-site laundry room.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10017, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,285 (100%)
Owner Occupied HU	3,713 (27.9%)
Renter Occupied HU	7,419 (55.8%)
Vacant Housing Units	2,153 (16.2%)
Median Home Value	$795,643
Average Home Value	$1,007,195