142 E 16th St APT 4D, New York, NY, 10003 | 8.44% Rental Yield

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142 E 16th St APT 4D, New York, NY, 10003 | 8.44% 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

Rental property for sale in New York at 142 E 16th St APT 4D, New York, NY, 10003 offers $5,190/mo rent that, after a $3,612/mo payment. Total monthly income is $5,190/mo. Return on cash invested measures 11.65% in year one, and rental yield stands at 8.44% at a $738,000 entry. Equity gained on principal adds $4,762/yr while 5% annual appreciation compounds into $203,896 by year five. Five-year ROI records 62.67% and total cumulative return in cash reaches $152,166. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,190/mo property income versus a $3,612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1963

N/A lot

$N/A/sqft

$1,964 monthly HOA

More details about the property

Welcome to this spacious 1 bedroom 1 bath located in prime Gramercy Park. The open layout of the living and dining area provides a comfortable space to relax and entertain. The kitchen is ready for you to make it your own. There is plenty of cabinet space for storage. This apartment also features large windows that let in plenty of natural light. The enclosed balcony offers a peaceful retreat from the hustle and bustle of the city, and can be used as a home office or a cozy reading nook. The building amenities include a 24-hour doorman for added security, bike storage for convenience, and a pet-friendly environment for your furry friends. With close proximity to major local transportation, you'll have easy access to all that the city has to offer. This apartment is perfect for anyone looking for a convenient and stylish living space in the heart of Gramercy. With easy access to shopping, dining, and entertainment options, you'll never run out of things to do in this vibrant neighborhood. Don't miss out on the opportunity to make this beautiful apartment your new home. Contact us today to schedule a viewing and experience all that this unit has to offer.

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