11 Riverside Dr APT 17EE, New York, NY, 10023 | 8.08% Rental Yield

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11 Riverside Dr APT 17EE, New York, NY, 10023 | 8.08% Rental Yield | 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 17EE, New York, NY, 10023 generates $4,374/mo in rent, after a $3,181/mo payment. Total monthly income is $4,374/mo. Return on cash invested sits at 13.3% in year one, and rental yield is 8.08% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 70.52% and total cumulative return in cash sums $150,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,374/mo property income rather than buyer’s personal income.

Condo

Built in 1950

N/A lot

$N/A/sqft

$1,239 monthly HOA

More details about the property

SPONSOR UNIT - NO BOARD APPROVAL RENOVATIONS JUST BEGAN!.... This studio apartment is a rare jewel at 11 Riverside Drive a corner unit with a balcony! It's the perfect cozy nest for NYC living or an ideal pied-a-terre, with city views from your private outdoor space to the South and East. With 10'3' ceilings, over 440 sq ft of interior space, a dressing area, and closets galore. The living/sleeping area is an expansive 19'9x11'9 that leads to the 39 sq ft balcony, creating the ultimate relaxation space. The apartment will have an open kitchen with top-of-the-line, stainless steel appliances and Caesarstone countertops. The bathroom is being renovated with all new fixtures and finishes. Washer/dryers are not allowed. Please note that some of the photos are renderings - and virtual staged photos will follow. The Schwab House at 11 Riverside Drive is a mid-century luxury cooperative that spans an entire city block and offers full services. Residents can enjoy two expansive landscaped roof decks with complimentary Wi-Fi, a fitness center, bike room, storage, parking garage, dry cleaner, and on-site management, creating a truly desirable living experience.

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