1270 5th Ave APT 3J, Manhattan, NY, 10029 | 7.7% Rental Yield

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1270 5th Ave APT 3J, Manhattan, NY, 10029 | 7.7% 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 Manhattan at 1270 5th Ave APT 3J, Manhattan, NY, 10029 offers a 7.7% rental yield on a $550,000 purchase with $3,529/mo rent. 75% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 62.4% and total cumulative return in cash at $112,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,529/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1959

N/A lot

$N/A/sqft

$1,109 monthly HOA

More details about the property

NEWLY RENOVATED MUSEUM MILE 1BD Newly renovated, private and pin-drop quiet, Apartment 3J is ready for move in! The spacious foyer opens to a living room large enough for home office and/or dining area. Remodeled windowed kitchen features new stainless steel appliances, plenty of counter and storage space, farm sink, and 5-burner stove. Bathroom with glass-walled walk-in spa shower. Bedroom easily accommodates king size bed and furntiure. Huge custom closet. Upgrades throughout include remote controlled ceiling fans, updated closets, and custom radiator covers. 1270 5th Avenue is a well-run and financially sound pet friendly full-service Museum Mile cooperative featuring 24 hr doorman, live-in super, laundry room, free private storage, bike room and garage (waitlist). Easy access to buses, 2, 3 and 6 trains. 1270 5th lines the northern section of Central Park, which has undergone the most ambitious and comprehensive restoration in Park history. The $160M Davis Center, slated to open April 26, 2025, includes a new skating rink, swimming pool, public green, boardwalk and reconnected watercourse.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10029, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,868 (100%)
Owner Occupied HU	2,780 ( 7.8%)
Renter Occupied HU	30,957 (86.3%)
Vacant Housing Units	2,131 ( 5.9%)
Median Home Value	$726,974
Average Home Value	$903,820