16 W 16th St APT 12VN, New York, NY, 10011 | $647/mo Cash Flow

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16 W 16th St APT 12VN, New York, NY, 10011 | $647/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

Rental property for sale in New York at 16 W 16th St APT 12VN, New York, NY, 10011 generates $6,698/mo in rent and, after a $3,549/mo payment, leaves $647/mo in cash flow. Total monthly income is $6,698/mo, and annual cash flow is $7,765/yr on $238,525 invested. Return on cash invested sits at 23.32% in year one, and rental yield is 11.09% 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 123.94% and total cumulative return in cash sums $295,625. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,698/mo property income rather than buyer’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,209 monthly HOA

More details about the property

Welcome to apt 12VN at 16 West 16 Street! This high-floor North-facing convertible 1 bedroom apartment has low maintenance fees and is located in the best building in Flatiron. This apartment is looking over beautiful brownstones on a tree-lined block with an open view of historic loft buildings NOT facing into the interior gardens of this building. The sunny apartment features a functional kitchen with stainless steel appliances. A breakfast bar/island can easily be installed. The extra long living room can easily accommodate dining and entertaining furniture. The bedroom alcove can easily fit a queen bed. The bathroom has been updated with modern fixtures. Two large closets throughout the apartment. Air conditioning is through the wall. The super low maintenance includes water, heat and cooking gas. The Chelsea Lane is the best full-service building and features a 24-hour door staff, live-in super, on-site resident manager, laundry rooms in both towers, storage and bike rooms, and even a parking garage. There is a viewing garden that connects the North and South towers. Coop board approval required. Co-purchasing, guarantor, parent buying for working children and pied-a-terre all allowed. Subletting allowed must live for 5 years and then sublet for 4 years max. 20% down payment required. Be walking distance to the best nightlife, restaurants, bars, shopping of Flatiron, Chelsea, Greenwich and West Village. Conveniently located near Union Square. Close to the F, M, 4, 5, 6, N, Q, R, L and Path trains.

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