48 Gramercy Park N APT 1B, New York, NY, 10010 | 3.8% Rental Yield

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48 Gramercy Park N APT 1B, New York, NY, 10010 | 3.8% Rental Yield | 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

Total monthly income runs $4,988/mo, and a $7,709/mo payment. Purchase price stands at $1,575,000, and rental yield measures 3.8% with $4,988/mo rent. Return on cash invested shows 1.88% in year one, and 5% annual appreciation builds toward $435,143 over five years. Five-year ROI reaches 8.72% and total cumulative return in cash records $44,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,988/mo property income covering a $7,709/mo payment rather than investor’s personal income.

Condo

Built in 1930

N/A lot

$N/A/sqft

$2,332 monthly HOA

More details about the property

Welcome to an extraordinary ground-floor townhouse apartment with a private landscaped garden. This sophisticated home is ideal for a discerning buyer who appreciates the property's historical roots as well as its modern luxuries. A one-bedroom sanctuary featuring two full bathrooms and a well-designed kitchen equipped with Miele and Sub Zero appliances, also features a wood-burning fireplace and central air. 48 Gramercy Park North is an eight-story, five-unit cooperative located along New York's only private park. This building has a virtual doorman, elevator, central laundry and private basement storage. Pied-a-terre and pets allowed. Shareholders have access to Gramercy Park.

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