35 Park Ave APT 8H, New York, NY, 10016 | $699/mo Cash Flow

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35 Park Ave APT 8H, New York, NY, 10016 | $699/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 35 Park Ave APT 8H, New York, NY, 10016 uses $208,915 cash to close to unlock $8,383/yr annual cash flow and $699/mo monthly cash flow. Total monthly income runs $4,939/mo, and a $3,108/mo payment keeps the spread at $699/mo. Purchase price stands at $635,000, and rental yield measures 9.33% with $4,939/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 125.79% and total cumulative return in cash records $262,796. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,939/mo property income covering a $3,108/mo payment rather than investor’s personal income.

Condo

Built in 1955

N/A lot

$N/A/sqft

No HOA

More details about the property

Murray Hill 1 Bedroom Coop Bright, quiet, and perfectly located in the heart of Murray Hill-Residence 8H at 35 Park Avenue is a masterclass in classic comfort in a full-service co-op setting. This spacious one-bedroom, one-bath home is set high above the street, offering a serene retreat with large southeastern-facing windows that flood the living and dining area with natural light. A built-in Murphy bed provides flexible hosting options, while custom shelving adds both character and functionality. The galley kitchen is appointed with high-end stainless steel appliances and ample cabinetry, making it a pleasure for both everyday cooking and entertaining. Throughout the home, hardwood floors create a warm, cohesive flow, and three generous closets offer excellent storage. 35 Park Avenue is a post-war co-op with a full-time doorman, central laundry room, and a reputation for attentive service. Located in Murray Hill, you're moments from beloved dining destinations, as well as a vibrant mix of cafes, wine bars, and neighborhood conveniences. Grand Central Terminal is just a short distance away, providing easy access to the 4, 5, 6, 7, and S subway lines, Metro-North trains, and airport shuttle buses. Nearby, enjoy the Morgan Library & Museum, Bryant Park, and a wealth of boutique shopping. Please note: the offering plan of 35 Park Avenue lists 8H as an alcove studio, one bathroom.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032