300 E 40th St APT 21G, New York, NY, 10016 | $1,846/mo Cash Flow

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300 E 40th St APT 21G, New York, NY, 10016 | $1,846/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 300 E 40th St APT 21G, New York, NY, 10016 listed at $675,000 pairs $7,926/mo rent with a $3,304/mo payment to leave $1,846/mo cash flow. Total monthly income runs $7,926/mo, and annual cash flow reaches $22,155/yr on $222,075 cash to close. Return on cash invested measures 30.04% in year one, and rental yield registers 14.09% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 160.85% and total cumulative return in cash totals $357,219. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,926/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Apartment

Built in 1967

N/A lot

$N/A/sqft

$1,572 monthly HOA

More details about the property

This inviting and bright home offers a spacious living area, hardwood floors throughout, and fantastic closet space. The open and separate recently renovated kitchen is equipped with full size appliances including dishwasher. A well sized bedroom easily fits a queen size bed and dresser. Both rooms offer ample light and open city views. The Churchill is a luxurious and white glove service building with a beautiful cul-de-sac driveway, green and lush landscaped entryway, conveniently located adjacent to all forms of transportation, shopping, dining, and lifestyle amenities in the neighborhood. This meticulously maintained building offers: -A full time twenty four hours a day door staff and lobby staff with a dedicated concierge desk in the lobby -Impressive landscaped roof-deck with an outdoor fireplace and pergolas -Outdoor Pool and Saunas offering you views of the New York City skyline from the Empire State to the Freedom Tower -State of the art Fitness Center and redesigned Residents Lounge -Washer/dryers on every floor for your convenience -Valet with on-site cleaning and dry cleaning services, bicycle storage, and parking also in the building. The Churchill is an investor friendly building that allows unlimited subletting. Currently there is a monthly assessment of $369 through May 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