215 E 24th St APT 220, New York, NY, 10010 | 9.26% Rental Yield

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215 E 24th St APT 220, New York, NY, 10010 | 9.26% Rental Yield | 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 220, New York, NY, 10010 listed at $539,000 pairs $4,158/mo rent with a $2,638/mo payment. Total monthly income runs $4,158/mo. Return on cash invested measures 13.05% in year one, and rental yield registers 9.26% at a $539,000 basis. Equity gained on principal adds $3,478/yr, and annual property appreciation at 5% supports $148,916 by year five. Five-year ROI tracks 70.61% and total cumulative return in cash totals $125,208. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,158/mo property income relative to a $2,638/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1976

N/A lot

$N/A/sqft

$1,594 monthly HOA

More details about the property

Located at the crossroads of Gramercy Park and Kips Bay, this fully renovated & large duplex move-in-ready one bedroom home resides in The Penny Lane, a historic (originally the J.M Horton Ice Cream Factory) and sought after full service cooperative bld. Features of this fantastic home include 13 ceilings in the large living/dining room w/floor to ceiling windows, hardwood flooring, juliet balcony, & recessed lighting, and an open renovated kitchen with stainless appliances (including DW), dark wood cabinetry, granite countertops w/ seating, and a grey glass subway patterned backsplash. There is also a fully renovated marble bathroom w/custom vanity & chrome hardware. Up the straight staircase is where youll find the lofted bedroom with 5/5 ceilings, recessed lighting, and large enough for a king sized bed and a separate work area. BLD: 24DRMN, lobby designed to evoke a London street, resident superintendent, planted roof decks with gorgeous views to Empire State/Chrysler/Met Life blds, 2 laundry rooms on each floor (one is right outside this apt!), storage ($100 monthly fee), bike storage ($50 annual fee), garage, video security, pets (sorry no dogs), pied-a-terres, and co-purchasing allowed on a case-by-case basis. Great location , near the 6,R & W trains, near Stuyvesant Square and Gramercy Parks, great food shopping (Fairway/Morton Williams/ Westside Market), and many restaurants, night life, and shopping options.

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