155 W 20th St APT 6J, New York, NY, 10011 | 9.13% Rental Yield

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155 W 20th St APT 6J, New York, NY, 10011 | 9.13% 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

Total monthly income runs $4,940/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 9.13% with $4,940/mo rent. Return on cash invested shows 16.33% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 86.84% and total cumulative return in cash records $185,412. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,940/mo property income covering a $3,177/mo payment rather than investor’s personal income.

Condo

Built in 1938

N/A lot

$N/A/sqft

$1,270 monthly HOA

More details about the property

Art deco delight! Charming alcove studio in the much sought-after Chelsea Warren coop building. Spacious top floor unit with unlimited potential. Great starter apartment or pied-a-terre. Wonderful step-down living room, 10ft ceilings, oversized windows, great closets, galley kitchen, dishwasher and windowed bath. Washer and dryer allowed. Subleasing allowed two out of every five-year period. Pets allowed. Pied-a-terre allowed. Gifting allowed. Co-purchase on case-by-case basis. Some images are virtually staged. Built in 1938, the Chelsea Warren Corp. at 155 West 20th Street is an impeccably maintained cooperative with a live-in super, 3 full-time porters, common laundry, bike storage and storage rooms. The building recently finished a meticulous renovation of the lobby and hallways (2020) as well as a local law 11 exterior renovation (Spring 2021) and new sidewalks on 20th Street and 7th Avenue completed (2022). Spring 2023; new tree pits and guard rails were installed in addition to new landscaping along the 20th Street retaining walls. This gem is located on a quiet, leafy street in Chelsea next to the vibrant Flatiron District and Village, across the street from the new Chelsea Green Park. Live in the heart of Chelsea, surrounded by a wide variety of restaurants, specialty shops, markets (Whole Foods, Trader Joe's, and Eataly, to name a few), other historic townhouses and buildings, and parks. Plus, you're near the Highline, Union Square, Madison Square Park, Penn Station, the West Village, and multiple subway lines!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,957 (100%)
Owner Occupied HU	10,815 (30.9%)
Renter Occupied HU	19,813 (56.7%)
Vacant Housing Units	4,329 (12.4%)
Median Home Value	$1,184,111
Average Home Value	$1,321,727