300 E 54th St APT 22G, New York, NY, 10022 | 6.62% Rental Yield

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300 E 54th St APT 22G, New York, NY, 10022 | 6.62% 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 54th St APT 22G, New York, NY, 10022 offers a 6.62% rental yield on a $699,000 purchase with $3,856/mo rent. 83% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 81.56% and total cumulative return in cash at $187,574. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,856/mo property income against a $3,421/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

No HOA

More details about the property

Welcome to Apartment 22G at The Connaught Tower, a spacious one-bedroom, one-bath residence with a private balcony and iconic views of the Chrysler Building. The bright, open living/dining area is ideal for both relaxing and entertaining. The oversized bedroom easily accommodates a home office, while generous closets provide excellent storage. Bathe in sun-splashed west-facing light and enjoy seamless indoor-outdoor living with your private balcony. Connaught Tower offers the height of luxury living with white-glove service and top-tier amenities including a newly renovated glass-enclosed rooftop pool, sundeck, sauna, and gym, plus a lounge with catering kitchen for effortless entertaining. Residents also enjoy the convenience of an on-site garage, circular driveway, private storage, and easy access to the 6, E, and M subway lines as well as the M15 and M57 buses. Pied--terres and pets are welcome. This is a non-smoking building as of June 2019. The coop allows 70% financing, and does not permit subletting. Some photos have been digitally staged.

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