16 W 16th St APT 2PN, New York, NY, 10011 | 9.62% Rental Yield

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16 W 16th St APT 2PN, New York, NY, 10011 | 9.62% 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

Investment property for sale in New York at 16 W 16th St APT 2PN, New York, NY, 10011 listed at $699,000 pairs $5,603/mo rent with a $3,421/mo payment. Total monthly income runs $5,603/mo. Return on cash invested measures 19.51% in year one, and rental yield registers 9.62% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 103.29% and total cumulative return in cash totals $237,530. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,603/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,041 monthly HOA

More details about the property

Supreme Doorman building in Top flatiron Location / Very low Monthly Maintenance! Welcome home to this spacious and serene L shape Studio / Jr one bedroom apartment in the heart of Flatiron near Union Square! the living room is large and offers plenty of space to accommodate a full living room furniture set, TV station, dining room, home office, and more!. The apartment is south facing and pin drop quite! The beautiful and spacious kitchen was recently renovated and comes equipped with full size stainless steel appliances, including a dishwasher, and plenty of counter and storage space. Conveniently located near Union Square, you will enjoy one of the best locations downtown Manhattan has to offer with easy access to several subway lines (N,W,R,Q,L,4,5,6), award winning restaurants, coffee shops, Madison Square Park, Greenwich Village, Chelsea, Gramercy Park, best nightlife, and shopping on lower 5th ave. The Chelsea Lane is a wonderful building with low monthly maintenance and full time staff of handymen, porters, live in super, and 24 hour doorman. You will love the gorgeous and recently renovated lobby and hallways with no additional assessments. The building also features laundry room, bike room, and more! You don't want to miss it.

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