200 E 16th St APT 10F, New York, NY, 10003 | 10.23% Rental Yield

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200 E 16th St APT 10F, New York, NY, 10003 | 10.23% 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

Rental property for sale in New York at 200 E 16th St APT 10F, New York, NY, 10003 generates $4,595/mo in rent, after a $2,638/mo payment. Total monthly income is $4,595/mo. Return on cash invested sits at 18.24% in year one, and rental yield is 10.23% on a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 97.6% and total cumulative return in cash sums $173,076. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,595/mo property income rather than buyer’s personal income.

Condo

Built in 1930

N/A lot

$N/A/sqft

$1,265 monthly HOA

More details about the property

Drop Dead Gorgeous studio. Apt 10F with Empire State Building views, has undergone a wonderful renovation that includes a kitchen with Miele appliances and hand picked finishes. The pre-war charm of the building extends to the foyer of 10F that begins with a formal entrance that leads to the very intelligently designed main room. It includes a private sleeping area that is not only beautiful with discreet reading lamps, but cozy at the same time. There are a large number of closets, warm hardwood floors and a dressing room outside the renovated bath that add to the appeal of the 10F. Electricity, gas and heat included in Maintenance. Renting is allowed after one year or ownership. Pied a terres and co-purchasing, gifting allowed with Board Approval. Pets welcome. 200 East 16th Street is a well-maintained full service prewar cooperative nestled between Union Square and Stuyvesant Park. Building amenities include a full-time doorman, resident manager, porters and central laundry room. Residents will enjoy a recreation room, gym, bike and storage rooms. Just a few blocks to Rutherford and Stuyvesant Parks, Union Square and its Greenmarket, Whole Foods and Trader Joes. Conveniently located near major transportation. Subway lines: N, Q, R, W, L, 4, 5, and 6 subway lines. Bus Lines: M101, M102, M103 on Third Avenue, and M15 on Second Avenue. Currently an assessment of $25.50 per month through 2024.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10003, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,236 (100%)
Owner Occupied HU	8,911 (27.6%)
Renter Occupied HU	19,242 (59.7%)
Vacant Housing Units	4,083 (12.7%)
Median Home Value	$1,114,519
Average Home Value	$1,316,464