5 E 22nd St APT 3F, New York, NY, 10010 | 4.22% Rental Yield

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Price: $300K - 500K

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5 E 22nd St APT 3F, New York, NY, 10010 | 4.22% Rental Yield | Ziffy

For Sale

Currently Rented

Rental Income

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 $3,780/mo, and a $5,262/mo payment. Purchase price stands at $1,075,000, and rental yield measures 4.22% with $3,780/mo rent. Return on cash invested shows 6.35% in year one, and 5% annual appreciation builds toward $297,003 over five years. Five-year ROI reaches 31.51% and total cumulative return in cash records $109,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,780/mo property income covering a $5,262/mo payment rather than investor’s personal income.

Condo

Built in 1985

N/A lot

$N/A/sqft

$671 monthly HOA

More details about the property

Just listed! Perfect for investment opportunity, pied-a-terre, or your new home! This one bed, one bath faces West with direct views of the historic Flatiron building. The open living area sufficiently allows for both living and dining, and the bedroom easily fits a king size bed, dresser and desk. There are double-paned, soundproof windows throughout and an abundance of closet space in this spacious apartment. The highly coveted Madison Green at 5 East 22nd Street sits on a quaint tree-lined block right off Madison Square Park. The building has a renovated lobby & elevators and a full staff with 24-hour doormen, concierge, porter and live-in super. Other amenities are a courtyard with picnic tables, fully-equipped gym with locker room/sauna, resident lounge with full kitchen & WiFi, childrens playroom, plus laundry on every floor, dry cleaning/valet, an ATM, bike room & storage lockers. The central location at the intersection of 22nd Street and Broadway is in the heart of Flatiron, right next to Madison Square Park and across from the historic Flatiron Building. Nearby is Whole Foods, Trader Joes & Fairway Markets, the Union Square Farmers Market, a wide array of shops, restaurants & cafes, and the R/W/6/F/M subway lines outside your door. Can be sold with tenant in place until April 2026 (paying market rate).

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