230 E 15th St APT 3N, New York, NY, 10003 | 7.63% Rental Yield

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230 E 15th St APT 3N, New York, NY, 10003 | 7.63% 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

Total monthly income runs $3,338/mo, and a $2,570/mo payment. Purchase price stands at $525,000, and rental yield measures 7.63% with $3,338/mo rent. Return on cash invested shows 7.87% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 42.91% and total cumulative return in cash records $74,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,338/mo property income covering a $2,570/mo payment rather than investor’s personal income.

Condo

Built in 1961

N/A lot

$N/A/sqft

$1,586 monthly HOA

More details about the property

Welcome to 230 East 15th Street #3N at The Rutherford, a beautifully designed alcove studio nestled in one of Manhattans most sought-after neighborhoods. Located in the heart of Gramercy, this residence offers a peaceful retreat while being just steps from Union Square, Stuyvesant Square Park, top-rated restaurants, boutique shops, and major transportation options. This bright and airy home boasts a thoughtfully laid out living space with a dedicated sleeping alcove, allowing for both comfort and functionality. Additional features include: Open and versatile layout with a separate sleeping alcove Large windows bringing in abundant natural light Ample storage space Well-maintained, doorman, elevator building Prime access to multiple subway lines and amenities This is a rare opportunity to own a stylish and comfortable home in a highly desirable neighborhood. Dont miss outschedule your viewing today! The Rutherford is a luxury co-op building featuring a landscaped roof deck with Wi-Fi, lounge chairs, tables, and spectacular city views. Additional building amenities include updated elevators, 24-hour doorman, on-site superintendent, laundry room, bike racks, storage lockers, and in-building parking garage. Co-purchasing, pets, and sublets are allowed (with board approval).

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