235 E 22nd St APT 3M, New York, NY, 10010 | $158/mo Cash Flow

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235 E 22nd St APT 3M, New York, NY, 10010 | $158/mo Cash Flow | 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 235 E 22nd St APT 3M, New York, NY, 10010 listed at $395,000 pairs $2,795/mo rent with a $1,933/mo payment to leave $158/mo cash flow. Total monthly income runs $2,795/mo, and annual cash flow reaches $1,891/yr on $130,943 cash to close. Return on cash invested measures 21.35% in year one, and rental yield registers 8.49% at a $395,000 basis. Equity gained on principal adds $2,549/yr, and annual property appreciation at 5% supports $109,131 by year five. Five-year ROI tracks 111.23% and total cumulative return in cash totals $145,650. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,795/mo property income relative to a $1,933/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1931

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Apartment 3M, a large and updated Studio at the renowned Gramercy House. The main living space with northern exposure and beautiful restored and refinished original hardwood floors offers ample space for a living and dining room combination, plus a desk. The main living space also includes a Murphy Bed. The separate windowed kitchen has abundant counter and cabinet storage and sleek Stainless Steel appliances. The windowed bath has been updated and offers a cast iron soaking tub with shower and custom storage. A few of the additional features of this special home include, beamed ceilings, an entry foyer and ample closet space with a very large custom closet in the separate dressing room It is seldom that a move-in ready apartment such as this comes on the market, and it is sure to impress the most discerning buyer. Gramercy House is a top-notch pre-war art deco cooperative with a 24 hr concierge, a day time and evening doorman, a beautiful lush resident's garden as well as a spectacular furnished roof deck, central laundry, and a bike room. Up to 75 percent financing is permitted for studios. Guarantors and gifting are considered. Parents buying for children, co-purchasing with parents, subletting and pied--terre are not permitted. The building is close to transportation, fine dining, nightlife, The East River Esplanade, grocery stores, coffee shops, parks and much more! The maintenance includes electric, heating and air conditioning. All showings will be by appointment.

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