300 Rector Pl APT 7F, New York, NY, 10280 | 9.44% Rental Yield

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300 Rector Pl APT 7F, New York, NY, 10280 | 9.44% 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

Total monthly income runs $5,032/mo, and a $3,132/mo payment. Purchase price stands at $640,000, and rental yield measures 9.44% with $5,032/mo rent. Return on cash invested shows 17.92% in year one, and 5% annual appreciation builds toward $176,820 over five years. Five-year ROI reaches 95.13% and total cumulative return in cash records $200,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,032/mo property income covering a $3,132/mo payment rather than investor’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

$730 monthly HOA

More details about the property

Battery Pointe Condominium faces Rector Park, and apartment 7F offers you an angled river view. Upon entry, youre welcomed by a clean and calm ambiance highlighted by light solid pine flooring and elegant LED-lit ceiling fixtures. The spacious rooms boast generous closets with customizable Elfa fittings, while the kitchen impresses with neutral Caesarstone countertops, a subway-tile backsplash, new stainless GE appliances, ceramic tile flooring, and pristine white cabinetry. The bedroom comfortably fits a King bed and features two ample closets. The updated marble bathroom includes a soaking tub, an extra-wide vanity with abundant storage, and modern, tasteful lighting. Residents enjoy top-tier amenities at Battery Pointe, including 24-hour concierge, a live-in resident manager, a large, well-equipped gym with views of the private courtyard garden, a roof deck with river views and outdoor seating, a bike room, a kids playroom, paid storage, and laundry on every floor. Battery Park City embodies a refined urban retreat. It blends serene, tree-lined parks and stunning vistas with effortless access to both Wall Street and Tribecaoffering a peaceful haven away from Manhattan's constant energy. Within blocks, youll find premier shopping at Brookfield Place, Westfield Center and vibrant green markets. With multiple subway and PATH lines at the WTC Transportation Hub and NYC ferries on the waterfront, transportation is effortlessputting you minutes from everywhere. *some photos are virtually staged

Neighborhood Data

Neighborhood data shown for ZIP Code: 10280, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,426 (100%)
Owner Occupied HU	1,550 (28.6%)
Renter Occupied HU	3,384 (62.4%)
Vacant Housing Units	492 ( 9.1%)
Median Home Value	$1,096,026
Average Home Value	$1,315,710