111 Hudson St APT 3B, New York, NY, 10013 | 4.95% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

111 Hudson St APT 3B, New York, NY, 10013 | 4.95% Rental Yield | Ziffy

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
7 Bath
6100 sft

45 Johanna Ln, Staten Island, NY, 10309

2 Bed
1 Bath
1446 sft

153 Chambers St APT 3, New York, NY, 10007

9 Bed
3 Bath
3124 sft

284 Dahlgren Pl #3, Brooklyn, NY, 11228

5 Bed
2 Bath
2430 sft

143 Alden Pl, Staten Island, NY, 10301

Nearby investment properties with comparable prices

5 Bed
6 Bath
4228 sft

9 Link Pl, Edison, NJ, 08820

2 Bed
2 Bath
1356 sft

70 Little St W UNIT 22G, New York, NY, 10004

- Bed
- Bath
- sft

758 Ocean Ave, Jersey City, NJ, 07304

3 Bed
2 Bath
1842 sft

20 Pine St #PENTHOUSE 420, New York, NY, 10005

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

Total monthly income runs $8,042/mo, and a $9,544/mo payment. Purchase price stands at $1,950,000, and rental yield measures 4.95% with $8,042/mo rent. Return on cash invested shows 8.54% in year one, and 5% annual appreciation builds toward $538,749 over five years. Five-year ROI reaches 43.28% and total cumulative return in cash records $273,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,042/mo property income covering a $9,544/mo payment rather than investor’s personal income.

Condo

Built in 1910

N/A lot

$N/A/sqft

$1,250 monthly HOA

More details about the property

Rent Stabilized Loft Condo Unit Discounted 60% from Vacant Market Value. Upon vacancy, unit becomes deregulated = free market unit. Unique real estate play for investors to purchase an asset which is not subject to the 2019 HSTPA rent guidelines. Rare opportunity for investment, 1031 exchange, tax shield, or parents buying for children. This unit presents incredible value for a condo in Tribeca. The sole occupant pays $789 per month and is not interested in a buyout at this time. Rent increases by annual rent board guidelines. Quintessential Tribeca location and former industrial loft building with high ceilings. The building was featured on Million Dollar Listing New York. 111 Hudson Street permits investors, renters, pets, parents purchasing for children, pied-a-terre, etc. The unit has 4 windows facing east onto Hudson and 6 windows facing west into a courtyard with open exposure. It is an open floor plan currently laid out as an artist gallery/studio with sleeping quarters in the rear. Similar units in the building have been converted to 4 bed / 4 bath with a laundry room. Architects and designers would have a ball turning this palatial blank slate into a contemporary luxury masterpiece. It is currently in estate condition. Unit 3A is not currently for sale. Very low ccs and taxes for Tribeca. Cash offers only.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10013, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,765 (100%)
Owner Occupied HU	4,327 (25.8%)
Renter Occupied HU	9,733 (58.1%)
Vacant Housing Units	2,705 (16.1%)
Median Home Value	$2,000,001
Average Home Value	$1,809,651