2 5th Ave APT 5B, New York, NY, 10011 | 6.27% Rental Yield

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2 5th Ave APT 5B, New York, NY, 10011 | 6.27% Rental Yield | 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 2 5th Ave APT 5B, New York, NY, 10011 with 5% annual appreciation on a $775,000 basis while $4,049/mo rent supports operations. 76% in year one. Equity gained on principal adds $5,001/yr, and five-year appreciation sums $214,118 alongside rental yield of 6.27%. Five-year ROI measures 75.84% and total cumulative return in cash totals $193,363. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,049/mo property income versus a $3,793/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1952

N/A lot

$N/A/sqft

No HOA

More details about the property

An enviable location, a prime full-service building, and remarkable value. This Greenwich Village Gold Coast home provides it all. Recently updated, the roomy studio has four large closets (three of which are walk-ins), and east and north-facing views over lower 5th Ave. and Washington Mews. 2 5th Ave. is located where Fifth Avenue meets Washington Square Park. Designed by the renowned Emery Roth and Sons, 2 5th's many amenities include a private driveway a rare luxury in the city. You'll be greeted by both a doorman and at least one concierge, 24 hours a day. In addition, you'll find a state-of-the-art fitness center, an on-site management office, a live-in building manager, a secure package room, a storage room, bike storage, a residents' lounge, a children's playroom, garage facilities, on-site valet service, and a peaceful library space. 2 5th Ave. is pet-friendly and across the street from Washington Square Park and its dog runs. It is convenient to numerous subway and bus lines, CitiBike stations, schools, parks, landmarks, shopping, and all the vibrant attractions that downtown Manhattan has to offer. Pied-a-terres, co-purchasing, gifting, and LLC purchases are all welcome with board approval. Please note that there is a 2% Flip Tax, payable by buyer or seller. The co-op does not permit parents purchasing for full-time students. Don't miss this incredible opportunity to experience the epitome of gracious city living. Showings are available by appointment only.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,957 (100%)
Owner Occupied HU	10,815 (30.9%)
Renter Occupied HU	19,813 (56.7%)
Vacant Housing Units	4,329 (12.4%)
Median Home Value	$1,184,111
Average Home Value	$1,321,727