201 E 21st St APT 12M, New York, NY, 10010 | $232/mo Cash Flow

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201 E 21st St APT 12M, New York, NY, 10010 | $232/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 201 E 21st St APT 12M, New York, NY, 10010 offers a 10.77% rental yield on a $649,000 purchase with $5,827/mo rent. Total monthly income registers $5,827/mo, and a $3,177/mo payment leaves $232/mo available for distribution. Annual cash flow reaches $2,779/yr on $213,521 to close, and return on cash invested stands at 21.36% in year one. Equity gained on principal adds $4,188/yr while 5% annual appreciation supports $179,307 over five years. Portfolio math shows five-year ROI at 113.82% and total cumulative return in cash at $243,024. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,827/mo property income against a $3,177/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1962

N/A lot

$N/A/sqft

$1,261 monthly HOA

More details about the property

Urban accessibility meets pin-drop quiet in this bright and airy home featuring gorgeous updates, excellent storage space, and an ideal location in a revered Gramercy cooperative. Located on the 12th floor, this spacious home enjoys taller-than-average 9-foot-high ceilings, northern and eastern exposures, and an extremely quiet position at the rear of the building. A gracious foyer welcomes you inside to discover brand-new white oak floors and a roomy coat closet. The beautifully renovated and expanded open kitchen impresses with custom cabinetry, honed black granite counters, stainless steel appliances, and a dining counter thats perfect for casual dining. Ahead, the main living space flows to a wall of gorgeous built-ins with a TV niche, cabinets and shelving. From the sleeping area, two huge closets, including a walk-in, lead to a renovated full bathroom. Currently configured as an open alcove studio, this generous layout easily converts to a true one-bedroom layout, as many other M-line residents have done. Welcome to Quaker Ridge, a classic white brick postwar co-op known for its excellent financials, low monthly maintenance and prime location just steps from Gramercy Park. Residents enjoy full-time doorman service, a live-in superintendent, laundry, bike storage and a residents-only parking garage with direct access to the building. Quaker Ridge allows co-purchasing and pets but does not permit guarantors or pieds--terre. Please note, there is a monthly energy charge of $84.74 included in the maintenance which adjusts quarterly. Located minutes from Union Square, the Flatiron District and NoMad, this home is at the epicenter of exciting Manhattan living with abundant shops, restaurants, services and outdoor space at every turn. Union Square and Madison Square Park put a dog park, greenmarkets and year-round events mere blocks away, and foodies will love the proximity to Whole Foods, Trader Joe's, Eataly and numerous Michelin-starred restaurants. Access to transportation is fantastic with 4/5/6, N/Q/R/W and L trains, excellent bus service and CitiBikes nearby.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10010, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,835 (100%)
Owner Occupied HU	4,675 (23.6%)
Renter Occupied HU	12,977 (65.4%)
Vacant Housing Units	2,183 (11.0%)
Median Home Value	$1,076,308
Average Home Value	$1,205,915