32 E 2nd St #15, Manhattan, NY, 10003 | $1,612/mo Cash Flow

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32 E 2nd St #15, Manhattan, NY, 10003 | $1,612/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 Manhattan at 32 E 2nd St #15, Manhattan, NY, 10003 listed at $649,000 pairs $5,946/mo rent with a $3,177/mo payment to leave $1,612/mo cash flow. Total monthly income runs $5,946/mo, and annual cash flow reaches $19,339/yr on $213,521 cash to close. Return on cash invested measures 29.12% in year one, and rental yield registers 10.99% at a $649,000 basis. Equity gained on principal adds $4,188/yr, and annual property appreciation at 5% supports $179,307 by year five. Five-year ROI tracks 152.84% and total cumulative return in cash totals $326,340. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,946/mo property income relative to a $3,177/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

Bright, Renovated Pre-War Gem in the Heart of the East Village Nestled on East 2nd Street between Second Avenue and the Bowery, this beautifully renovated one-bedroom cooperative blends timeless pre-war charm with modern comfort in one of Manhattans most dynamic neighborhoods. Bathed in light through oversized windows, the apartment boasts soaring ceilings that enhance its sense of space and airiness. Carefully updated, the home retains a classic New York aesthetic while offering contemporary convenience all with an incredibly low monthly maintenance of just $400.82. Granite countertops, high end appliances (refrigerator, microwave, dishwasher, stove and air conditioner) are all included. A Turn Key sale including all furnishings can be arranged. Located in the East Village/Lower East Side Historic District, 32 East 2nd Street is a well-maintained, intimate walk-up cooperative. The building welcomes pets, allows gifting and co-purchasing, and encourages engaged ownership. Some apartments in the building feature washer/dryers. Outside your door, discover an unbeatable downtown lifestyle. Surrounded by some of the best restaurants, nightlife, and cultural institutions in the city, youre just moments from Whole Foods, SoHo, Bond Street, and beloved local favorites like The Wren, Gemma, and The Bowery Hotel. The F and 6 trains are just two blocks away, offering quick access to the rest of the city. Dont miss this opportunity to own a rare, light-filled slice of historic New York in a truly unbeatable location. Present all offers!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10003, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,236 (100%)
Owner Occupied HU	8,911 (27.6%)
Renter Occupied HU	19,242 (59.7%)
Vacant Housing Units	4,083 (12.7%)
Median Home Value	$1,114,519
Average Home Value	$1,316,464