20 Pine St APT 1401, New York, NY, 10005 | $1,961/mo Cash Flow

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20 Pine St APT 1401, New York, NY, 10005 | $1,961/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 20 Pine St APT 1401, New York, NY, 10005 listed at $885,000 pairs $9,262/mo rent with a $4,332/mo payment to leave $1,961/mo cash flow. Total monthly income runs $9,262/mo, and annual cash flow reaches $23,529/yr on $291,165 cash to close. Return on cash invested measures 28.14% in year one, and rental yield registers 12.56% at a $885,000 basis. Equity gained on principal adds $5,711/yr, and annual property appreciation at 5% supports $244,509 by year five. Five-year ROI tracks 149.67% and total cumulative return in cash totals $435,798. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,262/mo property income relative to a $4,332/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1928

N/A lot

$N/A/sqft

$1,391 monthly HOA

More details about the property

Welcome to unit 1401, a gorgeous 1,005 sq. Apartment at the Collection condominium designed by Armani Casa. As you walk into this 9-foot, airy loft with oversized windows, you will be greeted by abundant natural sunlight. The unobstructed eastern view is a beautiful blend of New York Skyline and Chase Plaza. The apartment features bright natural light, rich dark hardwood floors, high ceilings, and generous closet space. The open-concept kitchen is seamlessly integrated into the living area. It is designed to entertain guests and has built-in additional storage and a top-of-the-line appliance package, including a Sub-Zero fridge, a Miele oven, microwave, dishwasher, and washer/dryer. The large bedroom-like separate sleeping alcove features an oversized closet, is big enough to fit a king-size bed, and can quickly be closed into a private interior suite. The apartment comes with private storage in the building. Located in the Heart of the Financial District, the building features a two-lane Lap Pool, Roof Deck, state-of-the-art Art Gym with Yoga and Pilates Room, Golf Simulator, Billiards Room, Library, Residents Media Lounge, and 24-hour 5-star Hotel Concierge Service. Close to all major subways, bus lines, ferry, world-famous restaurants, and shopping. This home offers New York City convenience and the ultimate luxury.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10005, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,939 (100%)
Owner Occupied HU	858 (12.4%)
Renter Occupied HU	4,911 (70.8%)
Vacant Housing Units	1,170 (16.9%)
Median Home Value	$1,555,556
Average Home Value	$1,549,382