245 E 35th St APT 8H, New York, NY, 10016 | 11.74% Rental Yield

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245 E 35th St APT 8H, New York, NY, 10016 | 11.74% 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

Rental property for sale in New York at 245 E 35th St APT 8H, New York, NY, 10016 generates $4,891/mo in rent, after a $2,447/mo payment. Total monthly income is $4,891/mo. Return on cash invested sits at 16.57% in year one, and rental yield is 11.74% on a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 90.89% and total cumulative return in cash sums $150,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,891/mo property income rather than buyer’s personal income.

Condo

Built in 1963

N/A lot

$N/A/sqft

$2,013 monthly HOA

More details about the property

Welcome home to residence #8H, a unique, quiet, and generously sized 1BR in a full-time doorman building overlooking luscious greenery. Unlike other 1BRs, #8H offers a bonus multi-use room that easily functions as a work-from-home office/den/dining/gaming room. You'll also enjoy double exposure (east and north) and picturesque views of the American Copper Building and East River from oversized windows in each room. The living room boasts plenty of space for entertaining and relaxation alike; the kitchen provides plenty of cabinetry and stainless steel appliances, and the bathroom's recent renovation offers modern accents, fixtures, and comfort. Each room is outfitted with closets and storage. 245 East 35th Street is located in the vibrant heart of Murray Hill, centered around an energetic array of restaurants, bars, shopping, and multiple forms of transportation. Trader Joe's and Fairway Market are within blocks; building amenities include a 24-hour doorman, full-time porter, live-in super, rooftop access, storage, and laundry. Guarantors are permitted. Contact us today to schedule a private viewing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032