230 E 15th St APT 5J, New York, NY, 10003 | 9.29% Rental Yield

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230 E 15th St APT 5J, New York, NY, 10003 | 9.29% 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

Investment property for sale in New York at 230 E 15th St APT 5J, New York, NY, 10003 earns from $3,857/mo rent with a $2,437/mo payment. Total monthly income totals $3,857/mo. ROI tracks 15.03% on current figures, and rental yield reads 9.29% at a $498,000 purchase. Equity gained on principal adds $3,214/yr, and 5% annual appreciation supports $137,588 over five years. Five-year ROI reaches 80.48% and total cumulative return in cash sums $132,868. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,857/mo property income instead of your personal income.

Condo

Built in 1961

N/A lot

$N/A/sqft

$1,203 monthly HOA

More details about the property

Welcome to Apartment 5J at 230 East 15th Street, a sunlit, south-facing quiet studio offering tasteful updates, generous storage, and a flexible layout in the historic Gramercy Park neighborhood. Apt 5J features oversized windows which provide treetop views and excellent natural light throughout the day. The renovated kitchen is equipped with sleek countertops, stainless steel appliances, and ample cabinetry. The apt boasts 3 closets for an abundance of storage space. The updated bathroom is finished with clean, modern fixtures, and plenty of room for additional storage. The open layout allows for multiple configurations, comfortably accommodating living, dining, and sleeping areas. The Rutherford is a pet-friendly, full-service cooperative offering a 24-hour doorman, landscaped and furnished rooftop terrace, on-site parking garage, central laundry, bike storage and private storage, newly renovated lobby and elevators (ADA accessible), and live-in superintendent. Pied-a-terre, co-purchasing, parents buying for children, guarantors and subletting require board approval. 80% financing allowed. 2% flip tax paid by seller. Located directly across from Stuyvesant Square Park and just moments from Union Square, Trader Joe's, Whole Foods, and multiple subway lines, the building offers unmatched convenience and neighborhood charm.

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