140 E 28th St APT 5A, New York, NY, 10016 | 7.23% Rental Yield

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140 E 28th St APT 5A, New York, NY, 10016 | 7.23% 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 140 E 28th St APT 5A, New York, NY, 10016 offers a 7.23% rental yield on a $450,000 purchase with $2,711/mo rent. 54% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 90.79% and total cumulative return in cash at $135,438. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,711/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1931

N/A lot

$N/A/sqft

No HOA

More details about the property

This exquisite coop, nestled in a charming, pre-war low-rise building, offers an exceptional blend of classic elegance and modern convenience. The spacious living area, complemented by a south-facing exposure, creating a warm and inviting atmosphere ideal space for relaxation or entertaining guests. Prepare delightful meals in the windowed, conventional kitchen, while enjoying the cozy ambiance provided by your very own wood-burning fireplace. With an extra large living space and a pristine bathroom, comfort and functionality effortlessly come together in this unit. And dont forget about the three massive closets! Plus, pet lovers are in for a treat, as your furry friends are warmly welcomed here. The building itself boasts an array of enviable amenities, including a full-time doorman offering round-the-clock assistance and a stunning roof deck. Immerse yourself in all that the vibrant neighborhood has to offer, with convenient access to shopping, dining, and entertainment options galore. Reach out today to schedule a showing! Application fee:$750.00 Digital submission fee: $65.00 Closing fee: $350.00

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032