








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in New York at 321 E 48th St APT 3H, New York, NY, 10017 earns from $4,828/mo rent with a $3,421/mo payment. Total monthly income totals $4,828/mo. ROI tracks 14.92% on current figures, and rental yield reads 8.29% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 78.86% and total cumulative return in cash sums $181,358. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,828/mo property income instead of your personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
$1,146 monthly HOA
Neighborhood data shown for ZIP Code: 10017, New York, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,285 (100%) |
| Owner Occupied HU | 3,713 (27.9%) |
| Renter Occupied HU | 7,419 (55.8%) |
| Vacant Housing Units | 2,153 (16.2%) |
| Median Home Value | $795,643 |
| Average Home Value | $1,007,195 |
Residential
12,099
Single Family
49
Multi-Family
12,050
Businesses
3,212
Date | Event | Price |
|---|---|---|
| 2025-01-22 | Price change | $699,000 |
| 2025-01-13 | Price change | $725,000 |
| 2025-01-02 | Listed for sale | $750,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $9752.00 | N/A | $79,282 | 3.60% |
| 2022-02-13 | N/A | N/A | $76,524 | 2.63% |
| 2021-02-13 | N/A | N/A | $74,566 | -10.30% |



Listed by: George Shapiro • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1743692