150 W 51st St APT 1927, New york, NY, 10019 | 7.54% Rental Yield

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150 W 51st St APT 1927, New york, NY, 10019 | 7.54% 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 150 W 51st St APT 1927, New york, NY, 10019 generates $4,555/mo in rent, after a $3,549/mo payment. Total monthly income is $4,555/mo. Return on cash invested sits at 15.48% in year one, and rental yield is 7.54% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 80.84% and total cumulative return in cash sums $192,821. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,555/mo property income rather than buyer’s personal income.

Condo

Built in 1927

N/A lot

$N/A/sqft

$624 monthly HOA

More details about the property

Dont miss the opportunity to generate income while not in residence! Executive Plaza is Manhattan's premier choice for short-term rentals offering the flexibility for owners to rent for a minimum of 30 days. With consistent high demand for rentals, this building presents an enticing opportunity for investors, those considering a 1031 exchange, or pied-a-terre owners seeking a lucrative investment with the option to utilize their second home in the city and generate income when not in residence. High floor, bright, one-bedroom apartment. Generous closet space includes a huge walk-in closet, large enough to be a bonus room or home office. Windows facing north and south flood the apartment with sunlight. The north-facing windows have an exciting architectural city view, beyond a secluded building setback. Large windowed bathroom with shower stall. Surrounded by outstanding dining, nightlife, shopping, and entertainment options, including Central Park, the MoMA, Fifth Avenue, and the Theater District right outside your door. This cozy unit is flooded with natural light, offering a refreshing ambiance. Additionally, it features a massive closet, perfect for all of your storage needs. Enjoy the tranquility of this well-appointed unit, complete with excellent furnishings. The building boasts a newly remodeled lobby, fitness center, roof deck, and laundry room. Available fully furnished. Just bring your toothbrush.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10019, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,231 (100%)
Owner Occupied HU	4,717 (13.4%)
Renter Occupied HU	24,438 (69.4%)
Vacant Housing Units	6,076 (17.2%)
Median Home Value	$962,650
Average Home Value	$1,201,466