301 E 48th St APT 14J, New York, NY, 10017 | 8.77% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

301 E 48th St APT 14J, New York, NY, 10017 | 8.77% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

1 Bed
1 Bath
620 sft

333 E 34th St APT 2O, New York, NY, 10016

3 Bed
2 Bath
1560 sft

98 Adams St #3, Hoboken, NJ, 07030

- Bed
1 Bath
- sft

350 W 12th St APT 1B, New York, NY, 10014

3 Bed
2 Bath
1650 sft

303 Manhattan Ave #2, Union City, NJ, 07087

Nearby investment properties with comparable prices

1 Bed
2 Bath
- sft

1108 Hudson St APT 1A, Hoboken, NJ, 07030

1 Bed
1 Bath
- sft

320 E 42nd St APT 2318, New York, NY, 10017

1 Bed
1 Bath
- sft

310 Lexington Ave APT 6D, New York, NY, 10016

4 Bed
3 Bath
- sft

25 Milton Ave, Jersey City, NJ, 07307

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New York at 301 E 48th St APT 14J, New York, NY, 10017 offers a 8.77% rental yield on a $699,000 purchase with $5,106/mo rent. 42% 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 66.92% and total cumulative return in cash at $153,890. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,106/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 1964

N/A lot

$N/A/sqft

$1,902 monthly HOA

More details about the property

An amazing opportunity to own a pristine, sprawling one bedroom apartment in Marlo Towers. Entering the apartment, a large dining area is perfect for entertaining. Not a chef? A piano or work-from-home office are great alternatives. The large windowed galley kitchen makes meal preparation a breeze with abundant countertop and storage space. Step down to the sunken living room which easily accommodates all of your furniture with ease (a large sectional, arm chairs or a Peloton are all options!). Large eastern facing windows let cheerful morning light bounce around the space. At almost 20' long, this living room is huge. The king sized bed is swallowed in this enormous bedroom which can also fit another work-from-home office and additional furniture. Marlo Towers is perfectly situated on the corner of 48th and 2nd avenue. A quick trip to Grand Central makes any commute a breeze. And, once you're home, you'll enjoy wonderful views from the landscaped roof deck, a live-in super, doorman, central laundry room, garage and bike storage. Flexible policies, pied-a-terre, guarantors and parents buying for children are permitted. Sublets are allowed after one year residency with board approval. There is a capital assessment in the amount of $53.25 per month.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10017, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,285 (100%)
Owner Occupied HU	3,713 (27.9%)
Renter Occupied HU	7,419 (55.8%)
Vacant Housing Units	2,153 (16.2%)
Median Home Value	$795,643
Average Home Value	$1,007,195