1993 Amsterdam Ave APT 31, New York, NY, 10032 | $1/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1993 Amsterdam Ave APT 31, New York, NY, 10032 | $1/mo Cash Flow | 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

Rental property for sale in New York at 1993 Amsterdam Ave APT 31, New York, NY, 10032 generates $1,390/mo in rent and, after a $1,018/mo payment, leaves $1/mo in cash flow. Total monthly income is $1,390/mo, and annual cash flow is $13/yr on $68,952 invested. Return on cash invested sits at 19.93% in year one, and rental yield is 8.02% on a $208,000 entry. Equity gained on principal adds $1,342/yr, while 5% annual appreciation builds toward $57,467 over five years. Five-year ROI reaches 103.65% and total cumulative return in cash sums $71,472. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,390/mo property income rather than buyer’s personal income.

Condo

Built in 1907

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1933 Amsterdam Avenue #31, a thoughtfully designed 2-bedroom, 1-bath co-op apartment located in the vibrant Washington Heights section of Manhattan. Spanning approximately 586 sq. ft., this bright and functional home features a comfortable living room, an efficient kitchen, and two well-proportioned bedrooms, making it ideal for both homeowners and investors alike. The layout provides a great balance of privacy and flow, with hardwood floors and ample closet space throughout. Situated in a well-maintained pre-war building, this home offers the perfect blend of comfort and convenience. Residents enjoy close proximity to local dining, shopping, and cultural attractions, along with nearby parks and the Hudson River Greenway. Commuting is effortless with easy access to the 1 and C subway lines, multiple bus routes, and major roadways connecting you to the rest of the city. Whether youre seeking your first home or a smart investment in one of Manhattans most historic and evolving neighborhoods, Apartment #31 at 1933 Amsterdam Avenue delivers value, character, and location in one package.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10032, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,269 (100%)
Owner Occupied HU	1,998 ( 9.0%)
Renter Occupied HU	18,781 (84.3%)
Vacant Housing Units	1,490 ( 6.7%)
Median Home Value	$648,847
Average Home Value	$729,167