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Value up to $1.33M, Rent Hits $7,568
Updated 12 days ago
Your Investment Paths
Turnkey Rental
The 317 East 34th Street property shows strong rental appeal for a 2-bedroom unit in Manhattan. Market data indicates a competitive monthly income potential, ranging between approximately $6,824 and $7,393 based on recent area activity. These rental figures reflect a robust local demand, positioning this property as a solid income-generating asset. Investors can feel confident in these projections, as the neighborhood consistently supports premium rents for well-located, high-quality residential units.
More about this home
Neighborhood Assessment
Murray Hill, in Midtown East, is a lively neighborhood that's been seeing steady growth thanks to new retail, cafes, and mixed-use developments nearby. Walkability here is top-notch—you can stroll to groceries, cafes, and transit in minutes, making it really easy to live car-free if you want. There's a noticeable mix of young pros and long-term residents, and the area feels safer and more energetic than a lot of Midtown. What really stands out about Murray Hill is how homes here sell fast and rarely sit on the market. Even with New York's ups and downs, this spot benefits from steady demand and strong comps. It's not the flashiest neighborhood, but because it's close to Grand Central, the East River, and lots of new amenities, you don't have to worry much about market dips or longer vacancy.
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Rental Income
$85K
Yield
—
Year 1 Estimates
Fix-and-Flip
Modernizing your home creates an inviting atmosphere that captures buyer interest. While the market base sits at 1545 dollars per square foot, upgraded homes often trade around 1345 dollars per square foot, a 13 percent variance. This refresh can elevate your property’s appeal, potentially unlocking monthly rents reaching 8896 dollars. Focusing on high-quality finishes ensures your space stands out, offering a fresh, vibrant lifestyle that resonates with modern buyers and quality tenants.
Comps
36
Buy-Rehab-Rent
This property offers a promising post-renovation value between $1,214,000 and $1,341,000. While local market shifts require careful budget management, the potential for significant equity capture makes this a viable target for a skilled renovation strategy. Strong rental performance anchors this investment, with projected monthly income of $7,295. A yield of 6.9% provides solid cash flow in a high-value market, ensuring this asset remains a reliable performer for any long-term rental portfolio.
Rental Income
$88K
Yield
6.9%
Year 1 Estimates, Post Typical Renovation
Market Activity
Estimated value
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317 East 34th Street, New York Investment Report: Flip & Rental Analysis · Frontflip