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11
Values up to $864K, 34 Rentals Tracked
Updated 12 days ago • 36 new comps
Your Investment Paths
Turnkey Rental
This property shows excellent rental potential in a competitive market. Investors can expect monthly income between $4,522 and $6,116, supported by a healthy projected annual yield of approximately 9.46% based on current neighborhood leasing trends. With an estimated $27,235 in annual appreciation, this condo is a compelling hold. The data suggests that professional management and strategic pricing will help maximize monthly cash flow while building long-term equity in this location.
More about this home
Neighborhood Assessment
Turtle Bay’s a classic Midtown East pocket: super walkable, close to Grand Central, the UN, and a thick mix of offices, embassies, bars, and everyday conveniences. Strong public schools and doorman buildings keep it attractive for pros who want an easy commute and solid amenities. In this line-up at The Delegate, nearby 1BR condos in the same stack are valued in the mid‑600Ks to low‑700Ks, which helps support pricing stability. The area skews more “steady workhorse” than hyper-growth, but demand for compact, well-located 1BRs stays very resilient through cycles.
Market Activity
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Rental Income
$64K
Yield
9.5%
Appreciation
$27K
Year 1 Estimates
Fix-and-Flip
Custom kitchen cabinets are a fantastic way to elevate your home’s character. While market data currently tracks broader trends, high-quality millwork creates a premium feel, helping your 600-square-foot condo stand out in a competitive, fast-paced market. Beyond immediate pricing, bespoke cabinetry significantly enhances daily living and long-term appeal. This upgrade transforms the kitchen into a centerpiece, potentially capturing premium rent or attracting buyers seeking a move-in ready, stylish home with unique personality.
Comps
0
Buy-Rehab-Rent
This property presents a solid BRR opportunity with an estimated post-renovation value between $676,000 and $747,000. While the flip potential is currently marked as low, the asset provides consistent value through rental cash flow performance. Projected annual rental income reaches $54,504, delivering a stable 7.7% yield. With appreciation estimated at over $28,000 annually, this condo offers a reliable, income-focused hold strategy for investors prioritizing long-term market stability in this zip code.
Rental Income
$55K
Yield
7.7%
Appreciation
$29K
Year 1 Estimates, Post Typical Renovation
Estimated value
$675K
$140K below comp median
Comparative Market Analysis
$450K – $1.3M
~50 days to sell
Based on 8 comps
301 E 45th St APT 2F, New York Investment Report: Flip & Rental Analysis · Frontflip