123 Washington St APT 27D, New York, NY, 10006 | $1,166/mo Cash Flow

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123 Washington St APT 27D, New York, NY, 10006 | $1,166/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 123 Washington St APT 27D, New York, NY, 10006 priced at $1,033,850 converts $9,701/mo rent into $1,166/mo cash flow after a $5,060/mo obligation. Total monthly income equals $9,701/mo, and annual cash flow totals $13,996/yr on $334,967 invested. Return on cash invested prints 24.55% in year one, and rental yield reads 11.26% against a $1,033,850 entry. Equity gained on principal adds $6,671/yr, while 5% annual appreciation compiles into $285,634 by year five. Five-year ROI reaches 130.4% and total cumulative return in cash sums $436,811. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,701/mo property income covering a $5,060/mo payment, not borrower’s personal income.

Condo

Built in 2010

N/A lot

$N/A/sqft

$1,631 monthly HOA

More details about the property

Experience luxury living on the 27th floor with this modern, fully furnished one-bedroom condo boasting unobstructed northern views of New York City's iconic skyline. From the moment you enter, you're greeted with breathtaking vistas of the Freedom Tower, 9/11 Memorial, Chrysler Tower, and 56 Leonard. This turnkey apartment offers a complete suite of conveniences found in newly constructed condominiums. The sleek white lacquered kitchen, situated along the western wall, features top-of-the-line appliances including a Miele gas range, oven, microwave, and a Sub-Zero refrigerator. The elegantly designed bathroom includes a glass stall shower and a sophisticated vanity. Additionally, a Miele washer/dryer combination is included for your convenience. Located in the W New York Downtown Residences, the first globally branded luxury residences of its scale downtown, you'll enjoy renowned hospitality and exceptional amenities: - Panoramic rooftop with views of the Statue of Liberty and the Empire State Building - Indoor rooftop lounge - Billiards/recreation room - Resident lounge and workspace - Updated fitness facility with Pelotons and virtual trainers - Screening room Prime Location Nestled in a vibrant neighborhood, you'll be close to: - Brookfield Place - Hudson Eats - Battery Park Promenade - Whole Foods (Wall Street & Tribeca) - Target - Eataly Downtown - Oculus Mall - Casa Cipriani This investor-friendly and pet-friendly condo offers the perfect blend of luxury, convenience, and stunning views, making it an exceptional place to call home. Don't miss this great opportunity to experience the best of New York City living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10006, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,605 (100%)
Owner Occupied HU	306 (11.7%)
Renter Occupied HU	1,922 (73.8%)
Vacant Housing Units	377 (14.5%)
Median Home Value	$1,093,023
Average Home Value	$1,164,624