305 E 24th St APT 7Y, New York, NY, 10010 | $99/mo Cash Flow

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305 E 24th St APT 7Y, New York, NY, 10010 | $99/mo Cash Flow | 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 305 E 24th St APT 7Y, New York, NY, 10010 offers a 8.16% rental yield on a $799,000 purchase with $5,435/mo rent. Total monthly income registers $5,435/mo, and a $3,911/mo payment leaves $99/mo available for distribution. Annual cash flow reaches $1,189/yr on $262,871 to close, and return on cash invested stands at 20.51% in year one. Equity gained on principal adds $5,156/yr while 5% annual appreciation supports $220,749 over five years. Portfolio math shows five-year ROI at 106.7% and total cumulative return in cash at $280,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,435/mo property income against a $3,911/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

No HOA

More details about the property

Charming, oversized, sunny and spacious, mint condition, one bedroom apartment, in a co-op luxury building, situated in a coveted (and rarely available) wing (Y) of this unique high-rise, full-service building. Move in ready, with over 30-feet of living/dining area and private outdoor balcony space. This large one-bedroom features a pristine kitchen with stainless steel appliances including full size refrigerator, full size dishwasher, crafted cabinets, and granite countertops. There is a very large and deep custom closet in the gracious entryway, and wood floors throughout, including modern track lighting, supplementing the apartments western facing natural sunlight. The bathroom includes custom storage sink cabinet, counter and shelf, stone tile flooring, ample medicine cabinet, bath-tub shower. A hallway with another extra-large and deep walk-in closet leads you to the ample, west-facing bedroom, with another very large double closet. This generous primary bedroom features space for a king size bed, being sizable enough to fit a bedroom set, office space, reading nook, or an extra standing closet, and/or work out equipment. Building amenities include: - Full-service with 24-hour doorman and concierge desk, live-in Resident Manager/Super and on-site Property Manager and Assistant Property Manager. - Newly renovated, extra-large laundry room in building. - Recently renovated on-site garage with direct access into the building (resident discount rate). - Pet-friendly. - Bike room and private storage spaces (wait list). - Co-purchasing, gifting, pied-a-terre and subletting all allowed. New York Towers is centrally located in Kips Bay/Gramercy Park. This coveted neighborhood is the perfect location for easy access to Madison Square Park with Eataly and Shake Shack, Gramercy Park, Flatiron, East Village, Union Square, Nomad. Close to all transportation options, including the 6/N/R/W/L trains, express buses, and the East River Ferry. Convenient shopping options include Whole Foods, Morton Williams, Fairway, Trader Joes, and Target. Make this beautiful home yours! Email me for showings.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10010, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,835 (100%)
Owner Occupied HU	4,675 (23.6%)
Renter Occupied HU	12,977 (65.4%)
Vacant Housing Units	2,183 (11.0%)
Median Home Value	$1,076,308
Average Home Value	$1,205,915