1 Gracie Ter APT 2GManhattanNY10028
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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
Investment Highlights
Investment property for sale in Manhattan at 1 Gracie Ter APT 2G, Manhattan, NY, 10028 with 5% annual appreciation on a $575,000 basis while $5,502/mo rent supports operations. Total monthly income totals $5,502/mo and a $2,814/mo payment preserves $1,663/mo for cash returns. Annual cash flow comes to $19,951/yr on $189,175 deployed, and return on cash invested reaches 30.61% in year one. Equity gained on principal adds $3,710/yr, and five-year appreciation sums $158,862 alongside rental yield of 11.48%. Five-year ROI measures 160.83% and total cumulative return in cash totals $304,247.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,502/mo property income versus a $2,814/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1953
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10028, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,095 (100%) |
| Owner Occupied HU | 9,665 (30.1%) |
| Renter Occupied HU | 18,906 (58.9%) |
| Vacant Housing Units | 3,524 (11.0%) |
| Median Home Value | $1,425,000 |
| Average Home Value | $1,438,888 |
Housing Distribution
Address Breakdown
Residential
24,985
Single Family
285
Multi-Family
24,700
Businesses
1,338
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