330 3rd Ave #5LL, New York, NY, 10010 | $2,197/mo Cash Flow

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330 3rd Ave #5LL, New York, NY, 10010 | $2,197/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 330 3rd Ave #5LL, New York, NY, 10010 uses $122,324 cash to close to unlock $26,363/yr annual cash flow and $2,197/mo monthly cash flow. Total monthly income runs $6,137/mo, and a $1,806/mo payment keeps the spread at $2,197/mo. Purchase price stands at $369,000, and rental yield measures 19.96% with $6,137/mo rent. Return on cash invested shows 41.46% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 224.29% and total cumulative return in cash records $274,359. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,137/mo property income covering a $1,806/mo payment rather than investor’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,476 monthly HOA

More details about the property

Peaceful fifth floor oversized alcove studio already converted into a junior one bedroom. This unique property features a generous entry foyer which can accommodate a large dining area perfect for all your entertaining needs. The spacious living area has plenty of room for your home office. Renovated open kitchen has light maple cabinetry, amazing counter and storage space and comes with full size appliances. This gem has an abundance of custom fitted closets along with a huge modern bathroom. Located in one of Gramercy North's best full service buildings. Building features include live-in super, 24hr door attendant, attentive and friendly staff. New: Lobby, mail room, hallways and laundry facilities. On site garage, bike & storage rooms. Centrally located near major routes of transportation, 3 parks, nightlife, the best restaurants and all conveniences. Co-purchases, pied-a-terres and two dogs up to 40lbs are permitted. Subletting allowed after two years of ownership for up to four years.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10010, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,835 (100%)
Owner Occupied HU	4,675 (23.6%)
Renter Occupied HU	12,977 (65.4%)
Vacant Housing Units	2,183 (11.0%)
Median Home Value	$1,076,308
Average Home Value	$1,205,915