199 Bowery APT 9D, New York, NY, 10002 | 6.8% Rental Yield

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199 Bowery APT 9D, New York, NY, 10002 | 6.8% 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 9D, New York, NY, 10002 listed at $1,395,000 pairs $7,906/mo rent with a $6,828/mo payment. Total monthly income runs $7,906/mo. Return on cash invested measures 13.04% in year one, and rental yield registers 6.8% at a $1,395,000 basis. Equity gained on principal adds $9,002/yr, and annual property appreciation at 5% supports $385,413 by year five. Five-year ROI tracks 67.88% and total cumulative return in cash totals $306,826. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,906/mo property income relative to a $6,828/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2000

N/A lot

$N/A/sqft

$1,350 monthly HOA

More details about the property

Welcome to residence 9D, a bright turnkey 2-bedroom 2-bathroom located in the heart of Nolita, where Bowery meets Spring Street. This sunbathed, loft-like apartment features oversized windows with Eastern exposures, allowing for generous light and serene views. The semi-open galley-style kitchen is adorned with a pass-through breakfast bar is newly redesigned with customized cabinetry imported from Italy, Stainless Steel Smeg Range & Dishwasher, and a Liebherr Refrigerator w/ ice maker and opens up to the living room, which is large enough for a full living and dining room setup. Oversized windows, and airy ceilings complement spacious bedrooms overlooking the private courtyard and enjoy pin-drop quiet tranquility. The master bedroom has an en-suite full bathroom, and walk-in closet, outfitted with a customized California Closet. The spacious second bedroom has its own bathroom and could also be utilized as a home office. The bathroom has been updated with marble floors and high end fixtures, The Nolita Place Condominium is a full service luxury condominium equipped with a 24-hour doorman/concierge, live-in superintendent, fitness center, furnished common terrace, central laundry facility and conveniently located near some of Downtowns best restaurants, shops, Whole Foods less than three blocks away, art galleries and public transportation. Pets are welcome. Please note there are tenants in place through 12/08/2024.

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