300 E 54th St APT 21F, New York, NY, 10022 | 7.14% Rental Yield

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300 E 54th St APT 21F, New York, NY, 10022 | 7.14% Rental Yield | 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 54th St APT 21F, New York, NY, 10022 offers a 7.14% rental yield on a $729,000 purchase with $4,338/mo rent. 4% in year one. Equity gained on principal adds $4,704/yr while 5% annual appreciation supports $201,409 over five years. Portfolio math shows five-year ROI at 54.99% and total cumulative return in cash at $131,892. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,338/mo property income against a $3,568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1977

N/A lot

$N/A/sqft

$1,401 monthly HOA

More details about the property

Welcome to Apartment 21F at 300 East 54th Street, a one-bedroom residence in the heart of Midtown East. This west-facing home offers captivating city views from your private balcony, along with a spacious layout featuring ample closet space, a separate kitchen equipped with stainless steel appliances, and a beautifully finished marble bathroom. The Connaught Tower is a distinguished, full-service building offering residents a range of luxurious amenities, including a glass-enclosed rooftop swimming pool, fitness center, expansive outdoor deck, and a lounge with a catering kitchen. Conveniently situated near major transportation, including Grand Central Station, the building is steps away from some of Manhattan's finest restaurants and shopping. Pets are welcome.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10022, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,279 (100%)
Owner Occupied HU	11,002 (40.3%)
Renter Occupied HU	11,015 (40.4%)
Vacant Housing Units	5,262 (19.3%)
Median Home Value	$1,223,949
Average Home Value	$1,331,078