345 E 77th St APT 3C, New York, NY, 10075 | $1,418/mo Cash Flow

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345 E 77th St APT 3C, New York, NY, 10075 | $1,418/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 New York at 345 E 77th St APT 3C, New York, NY, 10075 uses $229,971 cash to close to unlock $17,021/yr annual cash flow and $1,418/mo monthly cash flow. Total monthly income runs $6,086/mo, and a $3,421/mo payment keeps the spread at $1,418/mo. Purchase price stands at $699,000, and rental yield measures 10.45% with $6,086/mo rent. Return on cash invested shows 27.46% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 143.96% and total cumulative return in cash records $331,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,086/mo property income covering a $3,421/mo payment rather than investor’s personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 3C, an enchanting two-bedroom co-op apartment in the heart of the highly desirable Lenox Hill. Thoughtfully designed with classic pre-war charm and modern updates, this home features hardwood floors throughout, while the renovated kitchen is outfitted with stainless steel appliances, granite countertops, and ample cabinetry. The primary bedroom comfortably fits a king-sized bed, facing the serene courtyard. The secondary bedroom faces the quiet, tree-lined street, serving as a tranquil retreat. There is plenty of storage space, as both bedrooms offer generously sized closets. This boutique, pet-friendly, elevator building offers a live-in superintendent, central laundry room, bike storage, private storage, secured package room, a landscaped common courtyard, and a virtual doorman video intercom for added security and convenience. Meticulously maintained, the building recently completed the Local Law 11 exterior work, ensuring full compliance for years to come. Beyond your front door, the best of the Upper East Side awaits. Enjoy morning jogs or sunset strolls along the East River Esplanade and nearby John Jay Park. Indulge in neighborhood favorites like Mission Ceviche or JG Melon. Shop at local boutiques and gourmet markets, or take advantage of convenient access to Whole Foods. Served by world renowned hospitals, excellent schools and the Q and 6 trains and multiple bus lines nearby, ultimate Manhattan living is at your fingertips. 345 E 77th St is set on a quiet, tree-lined street, offering the perfect blend of comfort, convenience, and neighborhood charm in one of New York Citys most beloved residential enclaves. Contact Avel to schedule a showing today!