199 Bowery APT 8B, New York, NY, 10002 | 8.72% Rental Yield

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199 Bowery APT 8B, New York, NY, 10002 | 8.72% 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 New York at 199 Bowery APT 8B, New York, NY, 10002 at $1,100,000 posts ROI 19.58% with from $7,990/mo rent. Total monthly income equals $7,990/mo. Return on cash invested measures 19.58% and rental yield reads 8.72% at the current $1,100,000. Equity gained on principal adds $7,098/yr, and 5% annual appreciation supports $303,910 by year five. Five-year ROI prints 102.7% and total cumulative return in cash totals $366,019. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,990/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 2000

N/A lot

$N/A/sqft

$880 monthly HOA

More details about the property

Located in the beloved full-service Nolita Place Condominium, where Spring Street meets the Bowery at the nexus of Nolita and the Lower East Side, this rarely available, renovated corner one-bedroom, one-bathroom home is sun-splashed with open views and sky. The generous corner living room offers a comfortable living space with ample room for a dining area. Its oversize windows overlook the verdant Sarah D. Roosevelt Park and cityscape beyond. The bedroom is king-size and pin-drop quiet, with a sizable closet. The home's updated kitchen has been appointed tastefully with stainless steel appliances, granite counters, and custom solid oak cabinetry. The bathroom features elegant finishes, with marble tile and flooring, a full tub, and a large vanity. An additional closet sits off of the home's entry foyer. Nolita Place is a full-service condominium with a 24-hour doorman, 24-hour concierge service, and live-in resident manager. Amenities include a fitness center, large sundeck, and laundry facilities. The building is surrounded by the world-class shopping, dining, and cultural amenities of Nolita, SoHo, NoHo, the Lower East Side, and Little Italy. It is proximate to all transportation, including the Spring Street 6-, Broadway-Lafayette B/D/F/M-, Grand Street B/D-, and Bowery J/Z-Line subway stations. Temporary assessment of $300/month for lobby and hallway remodel.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10002, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	40,854 (100%)
Owner Occupied HU	6,264 (15.3%)
Renter Occupied HU	31,158 (76.3%)
Vacant Housing Units	3,432 ( 8.4%)
Median Home Value	$821,930
Average Home Value	$952,686