1060 Park Ave APT 3B, New York, NY, 10128 | 10.86% Rental Yield

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1060 Park Ave APT 3B, New York, NY, 10128 | 10.86% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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

Investment property for sale in New York at 1060 Park Ave APT 3B, New York, NY, 10128 earns from $4,524/mo rent with a $2,447/mo payment. Total monthly income totals $4,524/mo. ROI tracks 16.23% on current figures, and rental yield reads 10.86% at a $500,000 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 88.22% and total cumulative return in cash sums $146,228. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,524/mo property income instead of your personal income.

Condo

Built in 1924

N/A lot

$N/A/sqft

$1,693 monthly HOA

More details about the property

Charming one bedroom could be your perfect NYC pied-a-terre or your full time residence. This well designed prewar apartment has 10 foot high beamed ceilings, extra large windows , a windowed eat-in kitchen, windowed bath and beautiful herring bone floors throughout. Designed by renowned architect J.R. Carpenter in 1924, 1060 Park Avenue is a white glove, doorman building with a full time doorman, a live-in resident manager, a bike room, laundry and storage facilities. The 14 story building has an elegant lobby and on the current landing only four apartments per floor. Building permits up to 50% financing. Pets as well as pied-a-terres are allowed. Location is superb for its proximity to Central Park, museums, and public transportation. 2.5% flip tax.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10128, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,000 (100%)
Owner Occupied HU	10,217 (30.0%)
Renter Occupied HU	20,689 (60.8%)
Vacant Housing Units	3,094 ( 9.1%)
Median Home Value	$1,343,678
Average Home Value	$1,415,704