300 E 40th St APT 9G, New York, NY, 10016 | 10.58% Rental Yield

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300 E 40th St APT 9G, New York, NY, 10016 | 10.58% 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 9G, New York, NY, 10016 offers a 10.58% rental yield on a $660,000 purchase with $5,820/mo rent. 84% in year one. Equity gained on principal adds $4,259/yr while 5% annual appreciation supports $182,346 over five years. Portfolio math shows five-year ROI at 105.99% and total cumulative return in cash at $230,145. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,820/mo property income against a $3,230/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

$1,453 monthly HOA

More details about the property

Large (650 SF), bright, high floor alcove studio with partial river views, in white glove Churchill Condop. Spacious living room with a pass through kitchen, featuring white cabinetry and granite counter tops. Generous closets and parquet flooring throughout. Wall of windows with open eastern views. The Churchill is a white glove condop building with full time doorman, concierge, roof deck with outdoor pool, gym, residents lounge, valet service and garage. Fantastic location, quiet and residential, yet close to all the mid town action, terrific restaurants and shopping, and all major transportation. Pets, pied a terre, sublets from day 1, and co-purchasing allowed. There is a $400 assessment until April 2026 for faade repairs. Pls note: the unit is currently occupied so viewings will be by appointment only. The unit can be delivered with or without tenant. Tenant pays $3,400 a month.

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