242 E 19th St APT 7E, New York, NY, 10003 | $464/mo Cash Flow

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242 E 19th St APT 7E, New York, NY, 10003 | $464/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 242 E 19th St APT 7E, New York, NY, 10003 offers a 8.66% rental yield on a $859,000 purchase with $6,200/mo rent. Total monthly income registers $6,200/mo, and a $4,204/mo payment leaves $464/mo available for distribution. Annual cash flow reaches $5,569/yr on $282,611 to close, and return on cash invested stands at 22.03% in year one. Equity gained on principal adds $5,543/yr while 5% annual appreciation supports $237,326 over five years. Portfolio math shows five-year ROI at 114.85% and total cumulative return in cash at $324,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,200/mo property income against a $4,204/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1929

N/A lot

$N/A/sqft

No HOA

More details about the property

Open, Large & Light A separate large foyer leads you to a spacious, open layout with abundant closets located in the finest Pre-War Co-op in Gramercy. North/west city views throughout this light filled home. Art Deco details prevail throughout the graciously inviting lobby and newly designed elevators as well as the landscaped common roof deck and quiet Zen Garden. Apartment 7E is a spacious one bedroom/one bath corner apt. currently vacant for you to design as you wish. The windowed kitchen with stainless steel appliances has numerous cabinets and storage space. Dual entrances from the kitchen and bedroom lead into the windowed bathroom. The apartment has been freshly painted and ready for your design touch. And above it all there are beamed 9'5" beamed ceilings. 242 East 19th St is a Full Service Co-op with 24/7 Door Persons and a Resident Manager. There's a common laundry room as well as a bicycle room and storage units (for rent). Pets are permitted with Board Approval. Co purchasing and Guarantors are allowed as are Pied-a-Terre's. A Shareholder can sublet with Board Approval. As an added plus, Electricity and Gas are included in your maintenance. Close proximity to Stuyvesant Park with its dog run and to the Union Square transit hub along with its famous Farmers Market. A multitude of shopping options such as Whole Foods, Trader Joes, Fairway, Westside Market and the very first Manhattan Wegmans are all nearby. Gramercy and downtown living - it's all here.

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