








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in New York at 176 W 87th St #8E, New York, NY, 10024 offers a 6.76% rental yield on a $1,495,000 purchase with $8,426/mo rent. 56% in year one. Equity gained on principal adds $9,647/yr while 5% annual appreciation supports $413,041 over five years. Portfolio math shows five-year ROI at 55.44% and total cumulative return in cash at $268,537. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,426/mo property income against a $7,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1918
N/A lot
$N/A/sqft
$2,401 monthly HOA
Neighborhood data shown for ZIP Code: 10024, New York, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 34,255 (100%) |
| Owner Occupied HU | 10,791 (31.5%) |
| Renter Occupied HU | 19,161 (55.9%) |
| Vacant Housing Units | 4,303 (12.6%) |
| Median Home Value | $1,690,841 |
| Average Home Value | $1,553,022 |
Residential
28,850
Single Family
562
Multi-Family
28,288
Businesses
1,102
Date | Event | Price |
|---|---|---|
| 2024-09-27 | Listed for sale | $1,495,000 |
| 2020-10-23 | Sold | $1,364,000 |
| 2020-06-10 | Listing removed | $1,400,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Ian Katz - Licensed Associate Real Estate Broker • Compass
Mls Name: StreetEasy
Mls ID: #1737198