157 Broome St APT 1A, New York, NY, 10002 | $1,412/mo Cash Flow

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157 Broome St APT 1A, New York, NY, 10002 | $1,412/mo Cash Flow | Ziffy

For Sale

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 New York at 157 Broome St APT 1A, New York, NY, 10002 listed at $475,000 pairs $4,584/mo rent with a $2,325/mo payment to leave $1,412/mo cash flow. Total monthly income runs $4,584/mo, and annual cash flow reaches $16,943/yr on $157,463 cash to close. Return on cash invested measures 30.67% in year one, and rental yield registers 11.58% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 161.16% and total cumulative return in cash totals $253,771. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,584/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1910

N/A lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity to acquire a pin-drop quiet, affordable one-bedroom, one-bathroom HDFC co-op apartment located on the Lower East Side with a maintenance of only $495! Upon entering the apartment you are welcomed into an extra large entry foyer that flows into a spacious living area boasting 10 ft+ ceilings coupled with two large southern facing windows. Just off the living room is a separate windowed kitchen with an abundance of wood cabinetry, full sized appliances (including a dishwasher,) subway tile backsplash, and stone countertops. The windowed bedroom is pin-drop quiet and comes equipped with a large closet. Lastly tucked away just off the tiled bathroom, you will find a large storage closet. 157 Broome Street is an HDFC coop multi-family with elevator is pet-friendly, wheelchair-accessible and has video intercom security system.This residence is at the center of the neighborhoods eclectic mix of stylish stores, superb dining, classic nightclubs, and buzzing rooftop bars because it is situated in the middle of the thriving Lower East Side. Market Line, Essex Market, Regal Theaters, Trader Joes, Target, and The Gutter Bowling are all located within a few blocks of each other in the exciting Essex Crossing development. Excellent outdoor space and leisure are provided by numerous neighborhood parks and the expansive East River waterfront, and B/D/F/M and J/Z train lines. Please note HDFC annual house income may not exceed $136,080 for one person; $155,520 for two; $174,960 for three. (nyc.gov, New York City Area) * Photos have been virtually staged

Neighborhood Data

Neighborhood data shown for ZIP Code: 10002, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	40,854 (100%)
Owner Occupied HU	6,264 (15.3%)
Renter Occupied HU	31,158 (76.3%)
Vacant Housing Units	3,432 ( 8.4%)
Median Home Value	$821,930
Average Home Value	$952,686