300 E 40th St APT 20S, New York, NY, 10016 | $257/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

300 E 40th St APT 20S, New York, NY, 10016 | $257/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
1 Bath
- sft

264 Lexington Ave APT 1C, New York, NY, 10016

- Bed
1 Bath
- sft

139 E 33rd St APT 4H, New York, NY, 10016

- Bed
1 Bath
- sft

166 E 35th St APT 9A, New York, NY, 10016

- Bed
1 Bath
- sft

300 E 40th St APT 10A, New York, NY, 10016

Nearby investment properties with comparable prices

5 Bed
4 Bath
2005 sft

203 Hutton St UNIT 2, Jersey City, NJ, 07307

4 Bed
3 Bath
1800 sft

248 New York Ave #1, Jersey City, NJ, 07307

3 Bed
2 Bath
1250 sft

821 Washington St APT 5, Hoboken, NJ, 07030

- Bed
1 Bath
464 sft

450 Washington St #301, New York, NY, 10013

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New York at 300 E 40th St APT 20S, New York, NY, 10016 offers a 11.31% rental yield on a $979,000 purchase with $9,228/mo rent. Total monthly income registers $9,228/mo, and a $4,792/mo payment leaves $257/mo available for distribution. Annual cash flow reaches $3,085/yr on $322,091 to close, and return on cash invested stands at 21.02% in year one. Equity gained on principal adds $6,317/yr while 5% annual appreciation supports $270,480 over five years. Portfolio math shows five-year ROI at 112.69% and total cumulative return in cash at $362,974. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,228/mo property income against a $4,792/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1967

N/A lot

$N/A/sqft

$2,433 monthly HOA

More details about the property

Condo Rules & NO BOARD APPROVAL - Turnkey 2-Bedroom Perched on the 20th Floor Upon entry, you're welcomed by a large foyer that sets the tone for the home's generous layout. The expansive living room easily accommodates a full dining area, living, and a dedicated work-from-home setup, making it ideal for today's dynamic lifestyle. The second bedroom is well-proportioned and versatile. The oversized primary bedroom comfortably fits a king-sized bed and additional furnishings, while a series of deep closets throughout the apartment provide exceptional storage. The galley kitchen is outfitted with sleek cabinetry and a full suite of stainless steel appliances, offering both style and functionality. Thoughtfully designed and beautifully maintained, this home balances modern finishes with a layout that truly makes the most of its space. WASHER/DRYER conveniently located on the floor. The Churchill is a coveted white-glove condop (NOT a land lease) offering all the services and amenities of a luxury condominium. Residents enjoy a 24-hour doorman and concierge, landscaped rooftop with outdoor pool and panoramic city views, a newly renovated fitness center, sauna, residents lounge, valet service, and on-site garage. There is laundry on every floor, along with bike storage and private storage lockers available. Conveniently located near Grand Central, fine dining, shops, and neighborhood markets. Condo rules. Immediate unlimited subletting. Perfect home, investment, or pied-a-terre. One dog is allowed per apartment (max weight of 30lbs). Note that there is a monthly assessment of $535.07 through 10/31/2026

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