10 Park Ave #5K, New York, NY, 10016 | $67/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

10 Park Ave #5K, New York, NY, 10016 | $67/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

11 Bed
6 Bath
- sft

134 Bostwick Ave, Jersey City, NJ, 07305

3 Bed
3 Bath
1200 sft

85 Graves St, Staten Island, NY, 10314

4 Bed
2 Bath
864 sft

23 Ida St, Sayreville, NJ, 08872

3 Bed
2 Bath
1280 sft

31 Ray St, Staten Island, NY, 10312

Nearby investment properties with comparable prices

2 Bed
1 Bath
1000 sft

2475 W 16th St APT 8B, Brooklyn, NY, 11214

3 Bed
2 Bath
- sft

1925 Montgomery St, Rahway, NJ, 07065

4 Bed
2 Bath
- sft

180 Correja Ave, Iselin, NJ, 08830

2 Bed
2 Bath
1092 sft

11 Mary Ave, Fords, NJ, 08863

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in New York at 10 Park Ave #5K, New York, NY, 10016 generates $3,934/mo in rent and, after a $1,957/mo payment, leaves $67/mo in cash flow. Total monthly income is $3,934/mo, and annual cash flow is $804/yr on $132,534 invested. Return on cash invested sits at 20.52% in year one, and rental yield is 11.81% on a $399,800 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,457 over five years. Five-year ROI reaches 110.7% and total cumulative return in cash sums $146,713. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,934/mo property income rather than buyer’s personal income.

Condo

Built in 1932

N/A lot

$N/A/sqft

$1,197 monthly HOA

More details about the property

Price drop! Owner says, "Must Sell!" Own for less than renting in this glamorous former Art Deco hotel. Bring your toothbrush and move right in to this perfect midtown pied--terre, which can include all furniture in the sale, including a Roche Bobois Paris leather sleeper sofa. Welcome to 10 Park Avenue, a prestigious pre-war co-op nestled in the heart of Murray Hill's Historical District. Designed by renowned architects Helmle, Corbett, and Harrison, this upscale building started as a luxury hotel, and continues to exudes timeless elegance and charm. This newly painted studio apartment features beautiful original pre-war details including wrought-iron casement windows, solid hardwood floors, and delightful beamed ceilings. The separate kitchen includes a microwave and toaster for convenience, and comes stocked with tableware, cookware and utensils so you can prepare terrific meals from your first day. The extra-large windowed bathroom offers generous vanity storage space. The living area is spacious and perfect for entertaining, with two large storage closets. The AC comes pre-installed and ready to provide you with a comfortable summer. Residents enjoy a 24-hour concierge and doorman, live-in super and resident manager, an elegant Art Deco lobby with multiple plush seating areas to receive guests, elevators, modern laundry room, bike room, and a gorgeous roof terrace boasting breathtaking panoramic views of the city. 10 Park Avenue offers an unparalleled living experience in prime Murray Hill, with convenient access to Grand Central, Amtrak/LIRR, and the 4/5/6 subway lines. Some of the citys finest eateries, shopping and entertainment options are practically at your doorstep. Maintenance shown is net of abatements available for primary residency and includes an owner incentive of $125 / month maintenance credit for 2 years. Nominal maintenance is $1463.68. Some photos may be virtually staged or enhanced. Dont miss this opportunity to make this your new home in the city.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032