7 Lexington Ave APT 4H, New York, NY, 10010 | $279/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7 Lexington Ave APT 4H, New York, NY, 10010 | $279/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

Rental property for sale in New York at 7 Lexington Ave APT 4H, New York, NY, 10010 generates $6,480/mo in rent and, after a $3,402/mo payment, leaves $279/mo in cash flow. Total monthly income is $6,480/mo, and annual cash flow is $3,343/yr on $228,655 invested. Return on cash invested sits at 21.52% in year one, and rental yield is 11.19% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 115.08% and total cumulative return in cash sums $263,130. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,480/mo property income rather than buyer’s personal income.

Apartment

Built in 1951

N/A lot

$N/A/sqft

$1,560 monthly HOA

More details about the property

NO BOARD APPROVAL NEEDED FOR PURCHASE OR SUBLETS Live on a Gramercy Park block in one of Manhattan's most esteemed neighborhoods. This expansive jumbo alcove studio, offers both spaciousness and functionality. Upon entering, be greeted by an abundance of natural light, through oversized windows, framing tranquil treetop views. This alcove floorplan can serve as a secluded sleeping or dining area, without compromising the openness of the main living space. CONDO RULES FOR RENTING & PURCHASING - NO LIMITS ON SUBLETS -PIED A TERRE guarantors, investors, parents buying for children, trusts etc. all allowed. Storage solutions abound, with two walk-in closets and a separate dressing area. The kitchen, boasting a deep and wide layout, invites endless customization for culinary exploration. Throughout, gleaming hardwood floors, creating an atmosphere that balances relaxation and sophistication perfect for intimate evenings or lively gatherings with friends and family. If you want outdoor space, head up to the furnished and planted deck with stunning city views. A wide range of purchase and ownership options available, including pied-a-terre, guarantors, investors, parents purchasing for employed or student children, trusts, corporate purchase and leasing are all allowed. Plus, with no minimum down payment requirements, seizing your piece of Gramercy Park has never been more accessible. No short term rentals allowed. Pets allowed. Discover the epitome of Manhattan living in this exceptional residence. Experience the perfect fusion of space, style, and convenience all within reach in this coveted Gramercy Park building. Amenities include: 24 hour -full service doorman building, live-in resident manager, expansive furnished and planted roof deck, bicycle storage and central laundry.

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