12 W 29th St APT 4, New York, NY, 10001 | 4.05% Rental Yield

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12 W 29th St APT 4, New York, NY, 10001 | 4.05% 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 12 W 29th St APT 4, New York, NY, 10001 offers a 4.05% rental yield on a $1,175,000 purchase with $3,966/mo rent. 14% in year one. Equity gained on principal adds $7,582/yr while 5% annual appreciation supports $324,631 over five years. Portfolio math shows five-year ROI at 40.28% and total cumulative return in cash at $153,346. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,966/mo property income against a $5,751/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1925

N/A lot

$N/A/sqft

No HOA

More details about the property

An amazing and rare opportunity to purchase a beautiful full floor loft that has never been on the market. Situated in a charming boutique building just three flights up, this expansive residence spans approximately 1,330 sqft with room to add a bedroom or office, and offers an incredibly low monthly maintenance. The loft boasts a truly massive living and dining room with lots of natural light, perfect for entertaining with two wood-burning fireplaces as well as an in-unit washer/dryer. The property is an excellent investment opportunity or an ideal pied--terre. Its central location offers unparalleled connectivity, providing effortless access to Penn Station, the PATH train, shopping, renowned restaurants, and multiple subway lines (R/W/B/D/F/M/6).

Neighborhood Data

Neighborhood data shown for ZIP Code: 10001, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,863 (100%)
Owner Occupied HU	3,468 (17.5%)
Renter Occupied HU	13,783 (69.4%)
Vacant Housing Units	2,612 (13.2%)
Median Home Value	$797,546
Average Home Value	$997,143