235 E 22nd St APT 9U, New York, NY, 10010 | $5,142/mo Cash Flow

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235 E 22nd St APT 9U, New York, NY, 10010 | $5,142/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 9U, New York, NY, 10010 uses $132,269 cash to close to unlock $61,709/yr annual cash flow and $5,142/mo monthly cash flow. Total monthly income runs $9,227/mo, and a $1,953/mo payment keeps the spread at $5,142/mo. Purchase price stands at $399,000, and rental yield measures 27.75% with $9,227/mo rent. Return on cash invested shows 66.56% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 358.35% and total cumulative return in cash records $473,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $9,227/mo property income covering a $1,953/mo payment rather than investor’s personal income.

Condo

Built in 1931

N/A lot

$N/A/sqft

$1,420 monthly HOA

More details about the property

9U is a large, bright studio in the much sought-after Gramercy House on East 22nd Street. This studio is one of the largest in the building with a separate eat-in kitchen and open northern views. The layout is versatile with the ability to create a sleeping alcove in what is currently the dressing room. The apartment retains original pre-war details including in-laid hardwood floors and beamed ceilings. Both the bathroom and kitchen have large windows facing north. Gramercy House is an architecturally significant Art Deco Building designed by the Blum brothers, a block and a half from Gramercy Park and a short distance to Union Square and the Flatiron District. Gramercy House is a full service building with an outstanding and professional staff including a 24 hour concierge. There is laundry, 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 allow gifts, but do not allow parents purchasing for, or co-purchasing with their children and require a down payment of 25%. No pied a terre buyers and 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