230 E 15th St APT 10N, New York, NY, 10003 | $3,047/mo Cash Flow

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230 E 15th St APT 10N, New York, NY, 10003 | $3,047/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 230 E 15th St APT 10N, New York, NY, 10003 uses $195,755 cash to close to unlock $36,563/yr annual cash flow and $3,047/mo monthly cash flow. Total monthly income runs $8,641/mo, and a $2,912/mo payment keeps the spread at $3,047/mo. Purchase price stands at $595,000, and rental yield measures 17.43% with $8,641/mo rent. Return on cash invested shows 38.74% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 208.01% and total cumulative return in cash records $407,198. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,641/mo property income covering a $2,912/mo payment rather than investor’s personal income.

Condo

Built in 1961

N/A lot

$N/A/sqft

$1,621 monthly HOA

More details about the property

Tranquil Gramercy Alcove - Now Available! Apartment 10N at The Rutherford, is a charming alcove studio offering the perfect blend of comfort & classic NYC style. Some photos have been virtually staged. Wake up to a daily postcard: Step inside & be instantly captivated by the expansive park-facing windows showcasing a protected vista of iconic greenery. The Empire State Building rises majestically in the distance, a timeless landmark that will forever be your backdrop. This breathtaking panorama is yours to enjoy for years to come peacefully knowing that the North facing views are protected. The apartment's classic L-shaped layout allows you the opportunity to uncharge & re-wind as it maximizes both space & functionality. Warm bamboo floors create a calming atmosphere throughout the versatile living area, allowing you to unwind after a busy day or entertain in style. This is your own private Gramercy sanctuary with ample closet space throughout. The thoughtfully separated sleeping area comfortably fits a queen bed & nightstands, ensuring a peaceful retreat. The bathroom boasts a classic soaking tub & shower combination, plus a charming pedestal sink. The epitome of convenience: The Rutherford is a full-service co-op with a full-time doorman, rooftop access, and on-site amenities like bike storage, laundry, and even garage parking. The unbeatable location places you right across from Stuyvesant Square Park, with Whole Foods, Trader Joes, and major subway lines (4/5/6, L, N/Q/R/W) all within easy reach. Don't miss your chance to own a piece of Gramercy magic! Contact us today to schedule a viewing. This is your opportunity to live in the New York City oasis that is the Gramercy neighborhood the quintessential New York dream! *Board Approval Required* Photos are Virtually Staged

Neighborhood Data

Neighborhood data shown for ZIP Code: 10003, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,236 (100%)
Owner Occupied HU	8,911 (27.6%)
Renter Occupied HU	19,242 (59.7%)
Vacant Housing Units	4,083 (12.7%)
Median Home Value	$1,114,519
Average Home Value	$1,316,464