215 E 24th St APT 120, New York, NY, 10010 | $1,819/mo Cash Flow

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215 E 24th St APT 120, New York, NY, 10010 | $1,819/mo Cash Flow | Ziffy

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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 215 E 24th St APT 120, New York, NY, 10010 uses $229,971 cash to close to unlock $21,833/yr annual cash flow and $1,819/mo monthly cash flow. Total monthly income runs $9,036/mo, and a $3,421/mo payment keeps the spread at $1,819/mo. Purchase price stands at $699,000, and rental yield measures 15.51% with $9,036/mo rent. Return on cash invested shows 29.55% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 160% and total cumulative return in cash records $367,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $9,036/mo property income covering a $3,421/mo payment rather than investor’s personal income.

Condo

Built in 1976

N/A lot

$N/A/sqft

$2,549 monthly HOA

More details about the property

SPONSOR UNIT- NO BOARD APPROVAL! Step into your dream duplex with a private patio nestled in the vibrant heart of Kips Bay. This renovated apartment boasts authentic hardwood floors, a generously spacious layout, ample and an abundance of built-in closet space. The lower floor encompasses a capacious living area and an open kitchen equipped with a dishwasher, elegant granite countertops, breakfast bar and dining space. The glass door opens onto your very own private patio! Ascend the charming wooden staircase to the upper level to a king-sized bedroom with a walk-in closet and Juliette Balcony. On the opposite side of the bedroom lies an extra-large home office, featuring two walk-in closets, which can easily be transformed into a second bedroom. The ceiling height on the second level is around 8ft. Situated on the ground floor of a full-time doorman/elevator building, this incredible apartment also grants access to the European-style lobby with a concierge and seating area. Additionally, residents can savor breathtaking panoramic city views from the huge roof deck. Convenient amenities include washer/dryer units on each floor, ensuring a comfortable lifestyle. Located in the highly sought-after Gramercy Park-Kips Bay area, this beautiful home immerses you in the vibrant energy of one of NYC's liveliest neighborhoods. Within a stone's throw, you'll find a plethora of local businesses, restaurants, bars, cafes, supermarkets, and shopping options. Commuting is a breeze with proximity to 6/R/W trains and a short walk to F/M/L/Q/N/4/5 and Union Square Station. Please note some pictures are virtually staged but the level of renovations are accurate. Sublet policy: after owning 2 years, you can sublet for 6 years

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