315 7th Ave APT 18D, New York, NY, 10001 | 7.61% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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315 7th Ave APT 18D, New York, NY, 10001 | 7.61% 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 315 7th Ave APT 18D, New York, NY, 10001 earns from $5,381/mo rent with a $4,155/mo payment. Total monthly income totals $5,381/mo. ROI tracks 16.24% on current figures, and rental yield reads 7.61% at a $849,000 purchase. Equity gained on principal adds $5,478/yr, and 5% annual appreciation supports $234,563 over five years. Five-year ROI reaches 84.69% and total cumulative return in cash sums $236,552. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,381/mo property income instead of your personal income.

Condo

Built in 1926

N/A lot

$N/A/sqft

$552 monthly HOA

More details about the property

Investor dream! Take advantage of extremely low monthlies with this enormous, high-floor view studio loft at Kheel Tower and a gross cap rate of 4.7%. This recently renovated home offers tall ceilings and expansive western views through oversized windows overlooking Chelsea and Hudson Yards. The foyer opens up to a kitchen with dining area rare in a studio apartment. The chefs kitchen features custom cabinets, Corian countertops, and stainless-steel appliances. The large living/sleeping area provides plenty of opportunities for different layouts. The renovated, luxurious bathroom features Carrera marble tile, a new vanity, and modern fixtures. There is an in-unit washer & dryer and laundry is available on multiple floors throughout the building. The Kheel Tower is a prewar Art Deco loft building with a live-in resident manager (who accepts packages), a video security system, and a large service elevator. The 1 train is practically outside your front door and youre a few blocks from the 2/3/A/C/E as well as Whole Foods & Trader Joes. Please note - 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