140 E 28th St APT 6E, New York, NY, 10016 | 7.62% Rental Yield

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140 E 28th St APT 6E, New York, NY, 10016 | 7.62% 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 6E, New York, NY, 10016 earns from $2,953/mo rent with a $2,276/mo payment. Total monthly income totals $2,953/mo. ROI tracks 7.89% on current figures, and rental yield reads 7.62% at a $465,000 purchase. Equity gained on principal adds $3,001/yr, and 5% annual appreciation supports $128,471 over five years. Five-year ROI reaches 42.94% and total cumulative return in cash sums $66,191. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,953/mo property income instead of your personal income.

Condo

Built in 1931

N/A lot

$N/A/sqft

$1,392 monthly HOA

More details about the property

NEW PRICE !!! Welcome to a "just" renovated Studio! Apartment 6E offers a wonderful update to a serene studio in Kips Bay. Sparkling all new kitchen - stone countertops, marble backsplash, tiled floors, new full-sized refrigerator, stove microwave and dishwasher. A beautifully renovated bathroom with a single vanity set with ceramic vessel sink and a large frameless medicine cabinet with interior and exterior mirrors. The bathroom adjoins a large dressing room along with a walk-in closet. The entry foyer is also graced with two large closets, one is another walk in. The floorplan allows for a dedicated sleeping area distinct from the oversized living room. The hardwood floors have been covered for over twenty years and are in excellent condition. They have been stripped and polished. There is a fireplace, but it would require servicing and Board approval to be restored. 140 East 28th Street is a full service boutique co-op with a lovely landscaped roof deck. Both the lobby and the hallways have been recently renovated. There is a laundry room and extra storage is available for a fee. The co-op allows 75% financing, pieds-a-terre, guarantors, co-purchasing and gifting. Pets are permitted with Board Approval. Transportation is convenient to all areas of the City and the neighborhood is complete with restaurants. specialty food shopping, NYU Langone and fitness options. This is a Simply Must See! Please contact us for a showing.

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