301 E 63rd St APT 7K, New York, NY, 10065 | Equity Gain $1,929/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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301 E 63rd St APT 7K, New York, NY, 10065 | Equity Gain $1,929/yr | 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 301 E 63rd St APT 7K, New York, NY, 10065 with 5% annual appreciation on a $299,000 basis while $2,219/mo rent supports operations. 05% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 8.91%. Five-year ROI measures 5.17% and total cumulative return in cash totals $5,122. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,219/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1959

N/A lot

$N/A/sqft

$1,863 monthly HOA

More details about the property

Welcome to 301 East 63rd Street and create your vision. This spacious alcove studio can easily be converted to a one bedroom. Enjoy being in the quietest part of the building with tons of light. The K line features a row of windows. The kitchen can be opened up and includes a dishwasher. You have 3 closets, including a large walk in closet as you enter. This is the best deal in town to create your own space in a luxury doorman building in Lenox Hill. 301 East 63rd Street is conveniently located 1 block away from the subway, 3 blocks from the water and about 10 minutes from Central Park (the zoo is at 64th). Enjoy easy proximity to Bloomingdales, Trader Joes, Whole Food and day to day shops + favorite restaurants like JoJo by Jean-Georges, Scalinatella, Le Bilboquet and many casual hot spots and outdoor dining. Building amenities include: Full Time Doorman, Laundry Room, Bike Storage ($50 annually), Resident Super, Pet Friendly (1 dog or 1 cat up to 40lbs max height 20) and a landscaped Roof Deck (can be rented privately by shareholders). There is NO maintenance increase for 2025 (12th consecutive year). Heat, water and gas are included in the maintenance. Shareholders receive a bulk rate deal on electricity and cable / internet (sign up required opt in is one time per year). The building allows pied-a-terre, gifting, guarantors, parents buying for children and co-purchasing and sublets pending board approval. Pet Friendly (1 dog or 1 cat up to 40lbs max height 20). Roof can be rented privately by shareholders for a fee. 301 East 63rd Street is NOT A LANDLEASE. The land IS OWNED BY THE COOP. The maintenance includes principal and interest payments for the mortgage on the land from the purchase. The higher maintenance means that apartments are priced below comparable apartments in the neighborhood to offset the monthly. All recent capital improvements have been paid for with reserves No assessments. See the building description on StreetEasy for more details on the mortgage held on the land. *Some of these photos represent the potential of the K line to convert to a one bedroom if renovated.