161 W 16th St APT 6I, New York, NY, 10011 | 9.92% Rental Yield

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161 W 16th St APT 6I, New York, NY, 10011 | 9.92% Rental Yield | 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 161 W 16th St APT 6I, New York, NY, 10011 listed at $595,000 pairs $4,919/mo rent with a $2,912/mo payment. Total monthly income runs $4,919/mo. Return on cash invested measures 17.3% in year one, and rental yield registers 9.92% at a $595,000 basis. Equity gained on principal adds $3,839/yr, and annual property appreciation at 5% supports $164,388 by year five. Five-year ROI tracks 92.54% and total cumulative return in cash totals $181,142. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,919/mo property income relative to a $2,912/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1930

N/A lot

$N/A/sqft

$1,397 monthly HOA

More details about the property

All showings and opens houses are by appointment only, please contact us to schedule a viewing. Residence 6I is a spacious prewar junior one-bedroom in the heart of Chelsea. It is configured with a generously sized living room with plenty of room for both living and dining areas. The sleeping alcove comfortably fits a queen-sized bed. Additional highlights include a large closet, high beamed ceilings, a spacious entryway, and hardwood floors throughout. 161 West 16th Street is an exceptional full-service co-op building with a beautifully restored Art Deco lobby, a roof deck providing panoramic city views, central laundry facilities, and bike storage. Formerly known as the Barneys Building, it offers 24-hour doorman service, a live-in superintendent, and porter assistance. Nestled in vibrant Chelsea, this location provides easy access to transportation and all the amenities of Chelsea, Greenwich Village, West Village, Union Square, and Flatiron. Pied--terre is permitted, and the building is pet-friendly.

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