245 E 54th St APT 28T, New York, NY, 10022 | $1,085/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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245 E 54th St APT 28T, New York, NY, 10022 | $1,085/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 245 E 54th St APT 28T, New York, NY, 10022 uses $132,600 cash to close to unlock $13,016/yr annual cash flow and $1,085/mo monthly cash flow. Total monthly income runs $4,734/mo, and a $1,958/mo payment keeps the spread at $1,085/mo. Purchase price stands at $399,999, and rental yield measures 14.2% with $4,734/mo rent. Return on cash invested shows 29.73% in year one, and 5% annual appreciation builds toward $110,512 over five years. Five-year ROI reaches 159.33% and total cumulative return in cash records $211,275. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,734/mo property income covering a $1,958/mo payment rather than investor’s personal income.

Condo

Built in 1977

N/A lot

$N/A/sqft

$978 monthly HOA

More details about the property

This quiet, charming apartment is the perfect home or pied--terre, offering incredibly low maintenance fees. Once inside, you'll be welcomed by a wall of closets providing generous storage, while the spacious living and sleeping area invites relaxation. The kitchn features a window into the living area with a breakfast bar, adding both style and a place for enjoying meals. Flooded with natural light, the unique windows showcase city views, creating a peaceful urban retreat. Flip Tax: $2 per share, paid by the buyer. 28T has 902 shares The Brevard is a top-notch, full-service co-op known for its exceptional management. Residents enjoy a 24-hour doorman/concierge, a beautifully appointed roof deck, and a modern laundry room on the second floor. Recent updates to the lobby, hallways, and elevators ensure the building remains inviting and functional. Shareholders also benefit from discounted memberships at both Equinox, directly across the street, and Blink Fitness. Pets and pied--terres are warmly welcomed. Call today for a private showing. For more information on our listings, please visit THEBREVARD. All information provided is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or lease, or withdrawal without notice. All dimensions are approximate; for precise measurements, please consult your architect or engineer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10022, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,279 (100%)
Owner Occupied HU	11,002 (40.3%)
Renter Occupied HU	11,015 (40.4%)
Vacant Housing Units	5,262 (19.3%)
Median Home Value	$1,223,949
Average Home Value	$1,331,078