315 7th Ave APT 18B, New York, NY, 10001 | $1,773/mo Cash Flow

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315 7th Ave APT 18B, New York, NY, 10001 | $1,773/mo Cash Flow | Ziffy

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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 315 7th Ave APT 18B, New York, NY, 10001 offers a 11.4% rental yield on a $895,000 purchase with $8,504/mo rent. Total monthly income registers $8,504/mo, and a $4,381/mo payment leaves $1,773/mo available for distribution. Annual cash flow reaches $21,275/yr on $294,455 to close, and return on cash invested stands at 27.29% in year one. Equity gained on principal adds $5,775/yr while 5% annual appreciation supports $247,272 over five years. Portfolio math shows five-year ROI at 144.12% and total cumulative return in cash at $424,382. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,504/mo property income against a $4,381/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1926

N/A lot

$N/A/sqft

$754 monthly HOA

More details about the property

BRIGHT LOFTY CHELSEA 1 BEDROOM CONDO UNDER $1M Entry foyer, large and bright living room facing west and open city and sky views. Chef's modern kitchen, bright en suite bedroom with room to expand, great closet space, and hardwood floors throughout. The Kheel Tower, formerly known as The Fur District landmark, 315 Seventh Avenue is a unique loft conversion in a historic art deco skyscraper built in 1926 at the nexus of several dynamic neighborhoods in Chelsea. The building is within walking distance of most subway lines, and close proximity to Penn Station. Lofts boast 11 foot ceilings and unobstructed Western views over FIT, allowing incredible amounts of light and amazing views of the sunset over the Hudson River and New Jersey. Several units have large terraces on the building's multiple architectural setbacks. In the decade plus since its conversion to condominiums, the building has been updated beautifully with major capital projects to modernize infrastructure and restore historic character, and extensive luxury renovations throughout the building including several combined units. The building has a thriving community in an area experiencing extensive investment and development, and stands out as a historic New York original. Gas included, Storage wait list. Some photos are virtually staged.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10001, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,863 (100%)
Owner Occupied HU	3,468 (17.5%)
Renter Occupied HU	13,783 (69.4%)
Vacant Housing Units	2,612 (13.2%)
Median Home Value	$797,546
Average Home Value	$997,143