251 E 51st St APT 19N, Manhattan, NY, 10022 | $280/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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251 E 51st St APT 19N, Manhattan, NY, 10022 | $280/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 Manhattan at 251 E 51st St APT 19N, Manhattan, NY, 10022 offers a 8.51% rental yield on a $670,000 purchase with $4,754/mo rent. Total monthly income registers $4,754/mo, and a $3,279/mo payment leaves $280/mo available for distribution. Annual cash flow reaches $3,362/yr on $220,430 to close, and return on cash invested stands at 21.59% in year one. Equity gained on principal adds $4,323/yr while 5% annual appreciation supports $185,109 over five years. Portfolio math shows five-year ROI at 112.46% and total cumulative return in cash at $247,889. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,754/mo property income against a $3,279/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1960

N/A lot

$N/A/sqft

No HOA

More details about the property

Bathed in natural light and framed by open cityscape views, this spacious one-bedroom offers a refined balance of comfort and style. A versatile dining alcove easily converts into a home office, while both the living room and bedroom capture expansive skyline vistas that create a true sense of airiness and calm. Thoughtful details include automated blinds for effortless light control and abundant closet space throughout. The open chefs kitchen is beautifully appointed with a Sub-Zero refrigerator, GE Profile range, granite countertops, premium appliances, and a breakfast bar perfect for casual dining. A marble bathroom adds timeless sophistication, completing the home with a touch of luxury. This residence is part of a well-managed, full-service luxury co-op celebrated for its low maintenance and first-class amenities. Residents enjoy a 24-hour doorman, newly renovated fitness center, landscaped roof deck with breathtaking 360 views, laundry facilities, live-in superintendent, and on-site garage with preferential rates. Pets, co-purchasing, and pieds--terre are welcome, with up to 75% financing permitted. Perfectly located on East 51st Street and Second Avenue, the home is surrounded by vibrant restaurants, shopping, Whole Foods, and multiple transportation options including the 6, E, and M trains. Just moments away, Greenacre Park offers a serene escape with its peaceful waterfall, while a nearby dog park adds daily convenience. A residence that combines sunlight, views, and full-service living, this one-bedroom is an exceptional opportunity in one of Midtown Easts most established cooperatives.

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