16 W 16th St APT 11NS, New York, NY, 10011 | $285/mo Cash Flow

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16 W 16th St APT 11NS, New York, NY, 10011 | $285/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 16 W 16th St APT 11NS, New York, NY, 10011 offers a 8.47% rental yield on a $750,000 purchase with $5,293/mo rent. Total monthly income registers $5,293/mo, and a $3,671/mo payment leaves $285/mo available for distribution. Annual cash flow reaches $3,414/yr on $246,750 to close, and return on cash invested stands at 21.44% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 111.69% and total cumulative return in cash at $275,586. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,293/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully renovated alcove studio at 16 West 16th Street, The Chelsea Lane! Bright, spacious, and pin-drop quiet, this home sits in the heart of downtown. The open kitchen is perfect for entertaining, featuring stainless steel appliances (including a dishwasher), granite countertops, and generous cabinet space. The sleeping area comfortably fits a queen bed with nightstands, and there are three large closets throughout the apartment. Chelsea Lane offers a 24-hour doorman, live-in super, bike room, laundry you can monitor from your phone, a garage with direct building access, storage, and newly renovated lobby and hallways. Guarantors, gifting, co-purchasing and pied-a-terres are all allowed subject to board approval. Subletting is allowed for up to four years after living in the apartment for at least five years. Youll have endless transportation options with the 4, 5, 6, N, Q, R, W, F, M, L, and PATH trains all within one block, plus the 1, 2, 3, and A, C, E lines not much farther. Whole Foods and Trader Joes are nearby, along with everything Union Square, Flatiron, and Greenwich Village have to offer. There is a 2% flip tax paid by the seller. There is a monthly assessment of $314.40 through September 2027 for work on the elevators and facade. All dimensions and measurements are approximate. We support Fair Housing.

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