300 E 40th St APT 5F, New York, NY, 10016 | 9.45% Rental Yield

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300 E 40th St APT 5F, New York, NY, 10016 | 9.45% Rental Yield | 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 New York at 300 E 40th St APT 5F, New York, NY, 10016 listed at $699,000 pairs $5,504/mo rent with a $3,421/mo payment. Total monthly income runs $5,504/mo. Return on cash invested measures 16.82% in year one, and rental yield registers 9.45% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 89.66% and total cumulative return in cash totals $206,198. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,504/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1967

N/A lot

$N/A/sqft

$1,457 monthly HOA

More details about the property

Welcome home to this stunning Condop located at 300 E 40th St, in the heart of Manhattan. This luxurious high-rise building offers an incredible opportunity to experience city living at its finest. Apartment 5F is a stunning oversized alcove studio / junior one bedroom featuring a wall of windows with spectacular Manhattan skyline & East River views. This open floor plan is light filled with an expansive living room with a well equipped pass through kitchen, modern finishes, stainless steel appliances, sleek Italian back-splash tiles and brown tiled floors. The apartment has beautiful hardwood floors throughout, leading to a spacious East facing balcony. The bathroom features porcelain tiles and a beautiful custom vanity for extra storage. The Churchill is a world class building with wonderful amenities. Residents enjoy breath-taking views from the landscaped roof terrace with adjacent lounge, on-site health club and a roof top pool to enjoy in the summer months. The Churchill offers a high level of service with a concierge and full-time doorman. Additional amenities include a sauna, bicycle room, on-site dry cleaning and a garage. Laundry facilities are located on every floor. The central Midtown location offers the convenience of proximity to Grand Central Terminal and local transportation nearby. Located near shopping, markets and fantastic restaurants. The Churchill allows investor purchases with no wait-time on subletting. Gifting, co-purchasing, pieds--terres and parents buying for children are all permitted. Assessment of $336.22 until April 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