11 Riverside Dr APT 16KE, New York, NY, 10023 | $769/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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11 Riverside Dr APT 16KE, New York, NY, 10023 | $769/mo Cash Flow | Ziffy

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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

Rental property for sale in New York at 11 Riverside Dr APT 16KE, New York, NY, 10023 offers $7,285/mo rent that, after a $3,671/mo payment, leaves $769/mo cash flow. Total monthly income is $7,285/mo, and annual cash flow is $9,222/yr on $246,750 cash. Return on cash invested measures 23.8% in year one, and rental yield stands at 11.66% at a $750,000 entry. Equity gained on principal adds $4,840/yr while 5% annual appreciation compounds into $207,211 by year five. Five-year ROI records 126.97% and total cumulative return in cash reaches $313,302. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,285/mo property income versus a $3,671/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1950

N/A lot

$N/A/sqft

$1,508 monthly HOA

More details about the property

SPONSOR SAYS SELL! NO- BOARD-APPROVAL FOR MINT/RENOVATED, 1BR, MOVE-IN READY APARTMENT!! Newly & beautifully renovated and never occupied; this well laid-out, stylish & chic, one bedroom apartment features beautiful kitchen & bath, engineered hardwood floors, lovely finishes throughout, and nice Eastern light and exposures. Schwab House is a full-service coop with live-in Superintendent, full time doormen/concierge/handyman, plus garage, laundry room, gym, playroom, dry cleaner, storage lockers, bike storage, common laundry room, and two landscaped rooftop terraces with stunning river & city views. Located at the corner of West 72nd Street and WEA, the coop is adjacent to Riverside Park and close to world-class Lincoln Center & Central Park, and fantastic restaurants, markets, and subways. Pets, pied a terres, and co-purchasers, are welcome. Sorry, no washer dryers.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10023, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	44,765 (100%)
Owner Occupied HU	13,628 (30.4%)
Renter Occupied HU	23,478 (52.4%)
Vacant Housing Units	7,659 (17.1%)
Median Home Value	$1,614,455
Average Home Value	$1,528,815