11 Riverside Dr APT 6CW, New York, NY, 10023 | 10.3% Rental Yield

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11 Riverside Dr APT 6CW, New York, NY, 10023 | 10.3% Rental Yield | Ziffy

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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

Rental property for sale in New York at 11 Riverside Dr APT 6CW, New York, NY, 10023 priced at $849,000 converts $7,285/mo rent into after a $4,155/mo obligation. Total monthly income equals $7,285/mo. Return on cash invested prints 18.39% in year one, and rental yield reads 10.3% against a $849,000 entry. Equity gained on principal adds $5,478/yr, while 5% annual appreciation compiles into $234,563 by year five. Five-year ROI reaches 98.42% and total cumulative return in cash sums $274,904. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,285/mo property income covering a $4,155/mo payment, not borrower’s personal income.

Condo

Built in 1950

N/A lot

$N/A/sqft

$2,005 monthly HOA

More details about the property

BACK ON THE MARKET! Massive one-bedroom apartment in the Schwab House, a beautifully landscaped, accessible and pied-a-terre- friendly, dog-loving modernist building stretching from West 73rd to West 74th Streets and from West End Avenue to Riverside Drive, the apartment offers a wonderful bright view of a landmarked row of unique limestone and brick houses along West 74th Street side. Turn your head west and there are side views of Riverside Park and sliver- river views of the Hudson. The apartment offers many discrete spaces: a large foyer that leads into an equally generous living room and a separate dining area. In a separate wing, revealed through a door off the foyer, there's the private space: a dressing area with large closets, a bathroom, and a particularly spacious bedroom. This quiet area can be closed off from the public spaces of the apartment, so that potentially one resident of the apartment can be quietly reading a good book while another can be holding a dinner party. The Schwab House offers amenities and services galore. Enjoy the convenience of on-site management and the attention offered by 24-hour doormen, a concierge, and handymen. Amenities include two luxuriously landscaped roof decks with stunning views of the river and the park (and WIFI) as well as a garage, gym, playroom, bicycle storage and even a lending library. Located a block away from the 1, 2 & 3 subway stations (which has an elevator), and lots of bus lines. Manhattan's renowned food palaces are within a few blocks including Fairway, Citarella, Zabar's, not to mention Trader Joe's. The Beacon theater is also right there with its legendary big-name comedy acts and performances by your favorite bands. And don't forget, Riverside Park is only a block away. The park also offers spacious lounging and play areas, gardens, river access, dog runs, and paths, perfect for those who love the outdoors. This apartment presents the opportunity to add your personal touch and make it your own home with just a little TLC. Contact us for an appointment and discover everything that apartment 6CW has to offer

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