142 E 16th St APT 10D, Manhattan, NY, 10003 | 10.27% Rental Yield

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142 E 16th St APT 10D, Manhattan, NY, 10003 | 10.27% Rental Yield | Ziffy

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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 142 E 16th St APT 10D, Manhattan, NY, 10003 listed at $692,500 pairs $5,924/mo rent with a $3,389/mo payment. Total monthly income runs $5,924/mo. Return on cash invested measures 15.68% in year one, and rental yield registers 10.27% at a $692,500 basis. Equity gained on principal adds $4,469/yr, and annual property appreciation at 5% supports $191,325 by year five. Five-year ROI tracks 84.88% and total cumulative return in cash totals $193,381. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,924/mo property income relative to a $3,389/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1963

N/A lot

$N/A/sqft

$2,131 monthly HOA

More details about the property

Welcome to luxury living in the heart of Gramercy Park! This exquisite, extra-large 1-bedroom apartment with an outdoor balcony boasts unparalleled features and amenities, perfect for those seeking comfort and convenience. Upon entering, youll be greeted by a spacious and inviting living room illuminated by large windows that offer breathtaking views of the surrounding cityscape. Natural light floods the rooms, creating a warm and inviting ambiance throughout. The dining room, located off the large and open kitchen, invites and welcomes you. The kitchen features new stainless steel appliances and granite countertops. The bathroom is clean and streamlined. The massive bedroom is an oasis waiting to draw you in. It can easily accommodate a king-sized bed and additional furniture. Storage is abundant with endless closets, providing ample space to keep your belongings organized and easily accessible. Located on a high floor and complemented by a full-time doorman, this residence offers both security and exclusivity. Enjoy the convenience of having a dedicated doorman to assist with any needs or inquiries, ensuring peace of mind at all times. Perfectly located at the crossroads of Gramercy, Irving, and Union Square. It is near all major shopping, the Union Square Farmers Market, and express transportation. The co-op permits pets, pied-a-terre purchases, co-purchasing, and gifting. 75% financing is permitted.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10003, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,236 (100%)
Owner Occupied HU	8,911 (27.6%)
Renter Occupied HU	19,242 (59.7%)
Vacant Housing Units	4,083 (12.7%)
Median Home Value	$1,114,519
Average Home Value	$1,316,464