240 Park Ave S APT 8D, New York, NY, 10003 | 4.34% Rental Yield

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240 Park Ave S APT 8D, New York, NY, 10003 | 4.34% 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 240 Park Ave S APT 8D, New York, NY, 10003 with 5% annual appreciation on a $1,450,000 basis while $5,244/mo rent supports operations. 1% in year one. Equity gained on principal adds $9,357/yr, and five-year appreciation sums $400,608 alongside rental yield of 4.34%. Five-year ROI measures 25.41% and total cumulative return in cash totals $119,385. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,244/mo property income versus a $7,097/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 2007

N/A lot

$N/A/sqft

$1,540 monthly HOA

More details about the property

Real Gem! Rarely available! Elegantly appointed one bedroom 240 Park Avenue South is a luxury condominium building located on 19th street & Park Avenue South. Designed by Gwathemey & Sigel, this signature residence sets modern living standards. This south-facing, one-bedroom unit features 10-foot ceilings, oversized windows, oak wooden floors, a modern kitchen, a walk-in closet, and a washer and dryer. The sleek marble bathroom includes a deep soaking tub. This condo building is constructed of limestone and precast concrete. It is located just steps from Gramercy Park, Union Square, the Farmers Market, and much of the best entertainment and dining. The building offers a 24-hour door attendant and concierge, a state-of-the-art fitness center, a playroom, and a courtyard.

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