176 Broadway APT 15A, New York, NY, 10038 | 7.84% Rental Yield

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176 Broadway APT 15A, New York, NY, 10038 | 7.84% 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

Rental property for sale in New York at 176 Broadway APT 15A, New York, NY, 10038 offers $12,914/mo rent that, after a $9,676/mo payment. Total monthly income is $12,914/mo. Return on cash invested measures 10.39% in year one, and rental yield stands at 7.84% at a $1,977,000 entry. Equity gained on principal adds $12,757/yr while 5% annual appreciation compounds into $546,209 by year five. Five-year ROI records 55.79% and total cumulative return in cash reaches $357,370. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $12,914/mo property income versus a $9,676/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1927

N/A lot

$N/A/sqft

$5,038 monthly HOA

More details about the property

Welcome home! This impressive gut renovated 2 Bed/2Bath loft features 10.5 feet high ceilings, hardwood floors, built in closets through all rooms, large open living and dining area, sliding custom doors, central air conditioning and luxury finishes. An open kitchen with top-of-the-line appliances, handleless cabinets, Bosch dishwasher, oversized refrigerator, wine fridge, integrated custom designed Italian cabinetry system, custom made kitchen island will complete this modern and sophisticated gourmet kitchen to satisfy any chef! The West facing living room features invisible wall closets, a seamless home theater setup. When you are done watching a movie just simply press a button and the screen will disappear. Both bedrooms will fit king size beds and more. An oversized master full bathroom will take your breath away with clean, modern, sophisticated look. Heated floors, heated towel racks, custom vanity, closets and lighting you'll find in both bathrooms. The Building features: - part time doorman (M-F 8am-6pm) - laundry on every floor - common roof deck - bike storage 176 Broadway is the perfect blend of dynamic downtown location and beaux-arts architecture. Nobu, Eataly, Le District, Whole Foods, the shops in the Oculus, Brookfield Place and every subway in the city are all right downstairs. Easy commute the Fulton and Wall Street train stations are around the corner (4, 5, 2, 3, A, C, J, Z and R trains)

Neighborhood Data

Neighborhood data shown for ZIP Code: 10038, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,600 (100%)
Owner Occupied HU	2,863 (21.1%)
Renter Occupied HU	8,937 (65.7%)
Vacant Housing Units	1,800 (13.2%)
Median Home Value	$894,071
Average Home Value	$1,101,949