142 E 16th St APT 18A, New York, NY, 10003 | 8.41% Rental Yield

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142 E 16th St APT 18A, New York, NY, 10003 | 8.41% Rental Yield | 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

Investment property for sale in New York at 142 E 16th St APT 18A, New York, NY, 10003 earns from $5,600/mo rent with a $3,911/mo payment. Total monthly income totals $5,600/mo. ROI tracks 11.08% on current figures, and rental yield reads 8.41% at a $799,000 purchase. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 over five years. Five-year ROI reaches 59.8% and total cumulative return in cash sums $157,194. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,600/mo property income instead of your personal income.

Condo

Built in 1963

N/A lot

$N/A/sqft

$2,232 monthly HOA

More details about the property

Welcome home to this exquisite two-bedroom, perched high above Gramercy Park and Irving Place, and featuring a twenty-four hour doorman. Bathed in natural light, this wonderful apartment offers generous proportions, great light and open views that stretch as far as the imagination can wander. As you enter, you're greeted by a vast living room, perfectly suited for both intimate gatherings and larger gatherings. The space is adorned with incredible closets, ensuring ample storage for your treasured belongings. Nestled within a coveted Gramercy Park neighborhood, minutes from Union Square and its renowned Green Market. Every subway in the city is within an easy reach of your front door. This pet-friendly haven also features a live-in superintendent, ensuring that every need is promptly met. Additional amenities include on-site laundry facilities and convenient bike storage, catering to the demands of modern metropolitan living.

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