201 E 28th St #4R, New York, NY, 10016 | $437/mo Cash Flow

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201 E 28th St #4R, New York, NY, 10016 | $437/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 #4R, New York, NY, 10016 uses $165,419 cash to close to unlock $5,245/yr annual cash flow and $437/mo monthly cash flow. Total monthly income runs $5,284/mo, and a $2,442/mo payment keeps the spread at $437/mo. Purchase price stands at $499,000, and rental yield measures 12.71% with $5,284/mo rent. Return on cash invested shows 23.08% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 124.49% and total cumulative return in cash records $205,926. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,284/mo property income covering a $2,442/mo payment rather than investor’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,515 monthly HOA

More details about the property

201 East 28th Street #4R - The Chesapeake House - is a spacious one bedroom apartment with oversized living/dining in Kips Bay. Perched on the rear of the building, this unit allows all day peace and quiet. All windows face the Southeast. Located at the end of the 4th Floor hallway, upon entering, drop your items in the foyer with enough space for a small dining table or the ability to set up a home office space. The windowed kitchen has ample counter space with stainless steel appliances and plenty of kitchen storage including a pantry. The living room and bedroom are on opposite ends of the apartment allowing for maximum separation. The oversized living room can fit even the largest of sofas and is ready for you to design a comfy, cozy space to come home to and relax. Outside the bedroom you have a linen closet and second utility closet. Entering the bedroom you have a walk-in closet and double accordion door closet. There is enough space for a king size bed, bedside tables and additional storage furniture if needed. The Chesapeake House is a full service elevator coop building with 24 hour door staff, resident super and a recently renovated shared roof deck. There is a central laundry room and the building allows two pets per apartment. Close proximity to public transportation, Whole Foods and Trader Joe's. Reach out with questions or for an appointment today! Subletting: NO. Pied-a-terre: YES. Gifting: YES. Guarantors: NO. Pets: YES. Some listing photos are virtually staged with furniture. No additional enhancements to the space.

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