215 E 24th St APT 307, New York, NY, 10010 | 10.23% Rental Yield

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215 E 24th St APT 307, New York, NY, 10010 | 10.23% 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 215 E 24th St APT 307, New York, NY, 10010 generates $5,114/mo in rent, after a $2,937/mo payment. Total monthly income is $5,114/mo. Return on cash invested sits at 15.17% in year one, and rental yield is 10.23% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 82.22% and total cumulative return in cash sums $162,312. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,114/mo property income rather than buyer’s personal income.

Condo

Built in 1976

N/A lot

$N/A/sqft

$1,912 monthly HOA

More details about the property

Large 1 bedroom apartment for sale in the Gramercy, Madison Square Park neighborhoods. This expansive triplex loft has 12 feet high ceilings with South facing window and balcony. The first level welcomes you with a furnished kitchen and a full dining area. The second level offers a 17 feet long living and a bathroom with a spa shower and Whirlpool bath. Upstairs sleeping area has 7 foot ceilings. There is an abundance of floor to ceiling closets along both sides of the bedroom. As well are storage on the main floor and along the bedroom wall. Apartment comes with a Washer and there are Dryers located on every floor. Penny Lane is a former factory with a charming English Tudor lobby transformed into a full-service co-op. Conveniently located at walking distance to Gramercy Park and the Flatiron district, 2 blocks from the 6 train and surrounded by restaurants and shops. Enormous roof deck with amazing views of the Chrysler and the Empire State buildings. 24 hour doorman, live-in super, two washer/dryers on every floor, public parking with direct elevator access, bike storage, full recycling room, video security, package room and very attentive staff contribute to making this apartment a great home in New York City. Sorry, no dogs.

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