176 Broadway APT 9F, New York, NY, 10038 | Equity Gain $6,840/yr

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176 Broadway APT 9F, New York, NY, 10038 | Equity Gain $6,840/yr | 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 176 Broadway APT 9F, New York, NY, 10038 offers a 4.19% rental yield on a $1,060,000 purchase with $3,701/mo rent. 47% in year one. Equity gained on principal adds $6,840/yr while 5% annual appreciation supports $292,858 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,701/mo property income against a $5,188/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1927

N/A lot

$N/A/sqft

$4,876 monthly HOA

More details about the property

Charming Cottage in the Sky: Spacious Two-Bedroom Prewar Loft with Wraparound Terrace Welcome to your Manhattan oasisa light-filled, prewar two-bedroom, two-bathroom loft spanning approximately 1,400 square feet, complete with a rare 500-square-foot south-facing wraparound terrace. Perfect for entertaining or unwinding, the terrace is a peaceful retreat and a gardeners dream. Inside, the expansive open-concept great room features soaring 10-foot ceilings and recessed lighting, creating a bright and airy atmosphere. The renovated kitchen is equipped with quartz countertops, stainless steel appliances, abundant custom cabinetry, and a large island that provides additional storage and seating. Currently configured as a one-bedroom with an interior sleeping area, this flexible layout can be easily reimagined to suit your needs. Central air conditioning ensures year-round comfort. Located at 176 Broadway, this pet-friendly co-op offers a part-time doorman (8am6pm), live-in resident manager, laundry rooms on every floor, private storage, bike storage, and a shared roof deck. Recent building improvements include the renovation of elevators, hallways, and laundry facilities. Set in the heart of the reimagined Financial District, youre just moments from nearly major subway line, ferry terminals, and world-class shopping and dining destinations like Brookfield Place, Whole Foods, The Oculus, Printempts, the Seaport, and Stone Street. Contact us today to schedule your private showing. Terrace photos have been virtually staged.

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