2 Horatio St APT 16C, New York, NY, 10014 | $3,201/mo Cash Flow

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2 Horatio St APT 16C, New York, NY, 10014 | $3,201/mo Cash Flow | 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 2 Horatio St APT 16C, New York, NY, 10014 uses $263,200 cash to close to unlock $38,416/yr annual cash flow and $3,201/mo monthly cash flow. Total monthly income runs $10,045/mo, and a $3,916/mo payment keeps the spread at $3,201/mo. Purchase price stands at $800,000, and rental yield measures 15.07% with $10,045/mo rent. Return on cash invested shows 34.66% in year one, and 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 185.02% and total cumulative return in cash records $486,980. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $10,045/mo property income covering a $3,916/mo payment rather than investor’s personal income.

Condo

Built in 1931

N/A lot

$N/A/sqft

$1,501 monthly HOA

More details about the property

Discover a timeless gem at 2 Horatio Street. Residence 16C is a spacious high-floor pre-war studio with big city views and lots of light - located on a picturesque, tree-lined block in the heart of the West Village. The spacious layout allows for both a dedicated lounge area and a dining space and a sleeping alcove provides privacy and separation. Enjoy bright northeastern exposures with open city views, including the iconic Empire State Building. A wood-burning fireplace, perfect for cozy nights in, and built-in bookcases add to the character and charm of the home. Enjoy your windowed kitchen with a view, featuring stainless steel appliances. Architectural details such as beamed ceilings, black oxidized hardwood floors, and arched doorways enhance the apartment's timeless appeal. A generously sized walk-in closet offers excellent storage. The classic white-tiled bathroom includes a shower/tub combo. Built in 1931 and expanded in 1960, this Robert Lyon-designed building by Bing & Bing Bros. is located on a central block in the West Village, overlooking Jackson Square Park. This pet-friendly cooperative includes full-time doormen, a live-in superintendent, a bike room, storage units available for purchase, and a residents' laundry room in the basement. Homeowners can use their apartments as pied--terres, and subletting is allowed after one year of ownership, subject to a building sublet fee. Electricity is included in the maintenance. This classic pre-war building embodies the best of West Village living in a timeless Manhattan neighborhood.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10014, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,730 (100%)
Owner Occupied HU	5,412 (24.9%)
Renter Occupied HU	13,475 (62.0%)
Vacant Housing Units	2,843 (13.1%)
Median Home Value	$1,392,361
Average Home Value	$1,447,235