305 E 51st St APT 3B, New York, NY, 10022 | 5.4% Rental Yield

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305 E 51st St APT 3B, New York, NY, 10022 | 5.4% 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 305 E 51st St APT 3B, New York, NY, 10022 listed at $1,450,000 pairs $6,526/mo rent with a $7,097/mo payment. Total monthly income runs $6,526/mo. Return on cash invested measures 8.73% in year one, and rental yield registers 5.4% at a $1,450,000 basis. Equity gained on principal adds $9,357/yr, and annual property appreciation at 5% supports $400,608 by year five. Five-year ROI tracks 44.74% and total cumulative return in cash totals $210,201. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,526/mo property income relative to a $7,097/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2013

N/A lot

$N/A/sqft

$1,401 monthly HOA

More details about the property

QUIET CORNER OVERSIZED SOUTH FACING 1 bedroom, 1 bath Condo. Unit Offers: - Oversized South facing double-pane windows, central air, high ceilings (Approximately ten foot tall ceilings), 6-inch wide smoked oak floors throughout. - A gracious entry foyer with loft-style living area that is perfect for entertaining. - The chic Poliform kitchen features Calcutta Gold Lugano marble countertops and backsplash, Miele & Wolf appliances, lacquered cabinetry with soft-close drawers, and under-cabinet lighting. - The bathroom features white statuary marble with bronze fittings, deep soaking bathtub and radiant heated floors. - Stackable Bosch washer/dryer. Building Offers: - A 52-foot heated indoor pool, aqua spa, sauna and steam rooms, state of the art fitness club, huge yoga/private training studio. - Sky Club lounge, dining room and media room for residents with a catering kitchen for private parties and events. - Additional amenities include a children playroom, golf simulator, residential library that opens up to an outdoor landscaped courtyard with fire pit for year-round enjoyment. - Bicycle storage, private storage, and garage are also available onsite (extra cost) - Only 3 blocks to 6, E, F subway lines and steps away with variety shopping and restaurants.

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