201 E 28th St #12B, New York, NY, 10016 | $4,145/mo Cash Flow

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201 E 28th St #12B, New York, NY, 10016 | $4,145/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 201 E 28th St #12B, New York, NY, 10016 offers a 22.95% rental yield on a $435,000 purchase with $8,318/mo rent. Total monthly income registers $8,318/mo, and a $2,129/mo payment leaves $4,145/mo available for distribution. Annual cash flow reaches $49,743/yr on $144,203 to close, and return on cash invested stands at 54.4% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 292.3% and total cumulative return in cash at $421,500. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,318/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,268 monthly HOA

More details about the property

Located on a desirable tree-lined residential block, 201 East 28th Street is at the crossroads of Kips Bay and Rose Hill. This studio home is bright, north-facing, well-appointed, with a gracious layout. The double-pane windows provide peace and quiet, allowing plenty of sunlight with iconic views of NYC's skyline. The galley kitchen is well-equipped with updated appliances and plenty of counter space. The bathroom is fresh, and practical with a shower stall. A separate dressing area and a home office with ample storage are found throughout this unique home. The Chesapeake House is a full-service co-op at the intersection of 28th Street and 3rd Avenue. Amenities include a 24/7 doorman, an on-site resident manager, a beautifully furnished common rooftop, a large communal laundry room, and a third-party parking garage connection. With convenient access to public transportation, local dining, and lively nightlife, 201 East 28th Street is also a pet-friendly building. Coop allows gifting, as well as parents purchasing with working children.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032