








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in New York at 300 E 40th St APT 23C, New York, NY, 10016 generates $7,692/mo in rent, after a $5,864/mo payment. Total monthly income is $7,692/mo. Return on cash invested sits at 11.04% in year one, and rental yield is 7.7% on a $1,198,000 entry. Equity gained on principal adds $7,731/yr, while 5% annual appreciation builds toward $330,985 over five years. Five-year ROI reaches 58.87% and total cumulative return in cash sums $228,499. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,692/mo property income rather than buyer’s personal income.
Apartment
Built in 1967
N/A lot
$N/A/sqft
$2,710 monthly HOA
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
| 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 |
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
Date | Event | Price |
|---|---|---|
| 2024-07-09 | Price change | $1,198,000 |
| 2024-05-23 | Price change | $1,225,000 |
| 2024-05-22 | Pending sale | $1,245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2019-08-10 | N/A | N/A | N/A | N/A |
| 2018-08-10 | $7370717.50 | N/A | $71,921,248 | 20.96% |
| 2017-08-10 | N/A | N/A | $59,456,248 | N/A |



Listed by: Geri Epstein - Licensed Real Estate Salesperson • Brown Harris Stevens
Mls Name: StreetEasy
Mls ID: #1704477