399 E 72nd St APT 12J, New York, NY, 10021 | $2,007/mo Cash Flow

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399 E 72nd St APT 12J, New York, NY, 10021 | $2,007/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 399 E 72nd St APT 12J, New York, NY, 10021 offers a 15.33% rental yield on a $475,000 purchase with $6,068/mo rent. Total monthly income registers $6,068/mo, and a $2,325/mo payment leaves $2,007/mo available for distribution. Annual cash flow reaches $24,083/yr on $157,463 to close, and return on cash invested stands at 35.2% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 187.94% and total cumulative return in cash at $295,939. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,068/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1961

N/A lot

$N/A/sqft

$889 monthly HOA

More details about the property

With its desirable layout, renovated kitchen and bathroom, and open eastern views through 4 windows, this high-floor alcove studio is not to be missed. The sleeping alcove is outfitted with a custom queen-size Murphy bed (with built-in overhead lighting and shelving to maximize comfort and efficiency) and is tucked away in the L-shaped floor plan, allowing for plenty of room for distinct living and dining areas. The renovated kitchen is thoughtfully appointed with full-size stainless steel appliances, including a Bertazzoni stove, Blomberg refrigerator/freezer, and built-in microwave, as well as granite countertops and ample cabinetry. A subway tiled bathroom with a tub, an abundance of closets (4, including a walk-in!), and through-wall air complete this special home. The East View House is a full-service co-op with a 24-hour doorman, live-in super, garage, laundry room, and a newly renovated lobby. The building is conveniently located a block from the new Q train. Pied-a-terres, co-purchasing, gifting, and parents buying for children are permitted with board approval, as are pets (dogs allowed up to 25 lbs.) and 75% financing. Sublets will be considered for 2 years out of 4 during the length of ownership. There is a 2% flip tax, and a monthly capital assessment of $220.94 through December 2026. Verizon cable, internet and Wifi are included in the very low maintenance.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10021, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	28,344 (100%)
Owner Occupied HU	10,240 (36.1%)
Renter Occupied HU	14,054 (49.6%)
Vacant Housing Units	4,050 (14.3%)
Median Home Value	$1,615,914
Average Home Value	$1,531,995