201 E 28th St APT 12H, New York, NY, 10016 | $1,632/mo Cash Flow

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201 E 28th St APT 12H, New York, NY, 10016 | $1,632/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 APT 12H, New York, NY, 10016 earns $1,632/mo cash flow from $5,806/mo rent with a $2,325/mo payment. Total monthly income totals $5,806/mo, and annual cash flow totals $19,583/yr on $157,463 capital. ROI tracks 32.35% on current figures, and rental yield reads 14.67% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 172.94% and total cumulative return in cash sums $272,311. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,806/mo property income instead of your personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

$1,002 monthly HOA

More details about the property

*Studio at the Chesapeake House!* You will seldom find a studio co-op that is this large and so well located. You'll be at the popular Chesapeake House at the corner of E. 28th and 3rd Avenue in Kips Bay, surrounded by restaurants and landmarks, and just a few blocks from the East River. Entering the residence, a long and generous front hallway is lined with closets on both sides for ample storage. A beautifully remodeled galley kitchen is on the left with gray tile floors, custom wall colors, butcher block counters, modern white cabinetry, and upscale stainless steel appliances including a four-door fridge, programmable gas stove, a microwave and dishwasher. The main living space is enormous and inviting, with lots of natural light complementing the wood flooring. Tall standing bookcases currently form a dining partition, but you can arrange the great room concept any way you wish. There is plenty of room for a couch, bed, work desk, media, and more. A wall of giant windows offers stunning NYC skyline views. A large vestibule suitable for a dressing room or walk-in closet leads into the updated bathroom with its white wall-to-wall tile, medicine cabinet, and deep soaking tub and shower combo. Everything about this apartment feels fresh, appealing, and expansive. The Chesapeake House is a pet-friendly co-op building with a live-in super, a doorman, laundry, parking garage, and landscaped roof deck. Kips Bay is a historic neighborhood tucked in between Gramercy Park, Murray Hill, and the East River. The building is close to Trader Joe's, Starbucks, New York Pizza Kitchen, Maguro, Little Ruby's Murray Hill, Turkish Kitchen, Madison Square Park, the AMC Kips Bay 15 Cinema, the East River Esplanade, and so much more.

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