16 W 16th St APT 6JN, Manhattan, NY, 10011 | 7.11% Rental Yield

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16 W 16th St APT 6JN, Manhattan, NY, 10011 | 7.11% 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 Manhattan at 16 W 16th St APT 6JN, Manhattan, NY, 10011 at $945,000 posts ROI 12.38% with from $5,603/mo rent. Total monthly income equals $5,603/mo. Return on cash invested measures 12.38% and rental yield reads 7.11% at the current $945,000. Equity gained on principal adds $6,098/yr, and 5% annual appreciation supports $261,086 by year five. Five-year ROI prints 64.86% and total cumulative return in cash totals $201,664. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,603/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,283 monthly HOA

More details about the property

Exquisitely Renovated Sun Flooded One Bedroom One Bathroom Co-op in Flatiron This is the one you've been waiting for. No detail was spared in this beautifully renovated one bed, one bath at 16 West 16th Street. The exquisite chef's kitchen boasts custom cabinetry with a tiled backsplash and stainless steel appliances, including a Bosch Dishwasher and Microwave and a Kitchen-Aid gas convection range stove. The south facing extra large living room has space for all your needs; entertaining, dining and home office. The primary bedroom is both sunny and spacious with a walk-in closet customized with California closet interiors. The modern renovated bathroom is accessed outside the bedroom perfect for both living and for your guests. This home has two walk in closets, ample storage, custom built-ins, moldings and beautiful hardwood floors that run throughout this incredible home. The Chelsea Lane is a completely full-service building with a staff of handymen, full time doormen, porters, on-site management, a recently renovated lobby, garage, private storage, and bike storage, all with very low maintenance fees. Located right off of 5th Avenue, the location cannot be beat. Just steps away from all of the finest shopping and restaurants as well as Union Square, one can enjoy both convenience and the Union Square Farmers market. 20% Minimum down payment required. Pets, pied-a-terres, and co-purchasing are all welcomed. Welcome Home!

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