235 E 22nd St APT 10M, New York, NY, 10010 | $2,244/mo Cash Flow

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235 E 22nd St APT 10M, New York, NY, 10010 | $2,244/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 235 E 22nd St APT 10M, New York, NY, 10010 offers a 16.58% rental yield on a $475,000 purchase with $6,563/mo rent. Total monthly income registers $6,563/mo, and a $2,325/mo payment leaves $2,244/mo available for distribution. Annual cash flow reaches $26,927/yr on $157,463 to close, and return on cash invested stands at 37.01% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 198.34% and total cumulative return in cash at $312,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,563/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1931

N/A lot

$N/A/sqft

$1,147 monthly HOA

More details about the property

10M is a high floor studio in Gramercy House with expansive northern views showcasing some of the city's most iconic buildings, including the Chrysler Building. The large living space is sun-filled with an open layout currently set up with a Murphy bed to maximize space. The kitchen includes a dishwasher and large window. The large walk-in closet can function as a closet or has enough space to fit a desk to use as an office. Gramercy House is highly sought after Art Deco Coop on East 22nd Street a block and a half from Gramercy Park with easy access to the attractions of Union Square, the Flatiron District and the East village. It is a full service building with an outstanding and professional staff which includes a super and a 24 hour concierge. There is a laundry room, bike storage, a roof deck with a dramatic view and a large and enchanting garden for the exclusive use of the residents. The coop board allows gifts, but does not allow parents purchasing for, or co-purchasing with their children and requires a down payment of 25%. No pied a terre buyers. One dog is permitted per apartment. The maintenance includes electricity, heating and A/C.

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