201 W 16th St APT 8E, New York, NY, 10011 | 10.24% Rental Yield

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201 W 16th St APT 8E, New York, NY, 10011 | 10.24% 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

Investment property for sale in New York at 201 W 16th St APT 8E, New York, NY, 10011 listed at $600,000 pairs $5,120/mo rent with a $2,937/mo payment. Total monthly income runs $5,120/mo. Return on cash invested measures 18.64% in year one, and rental yield registers 10.24% at a $600,000 basis. Equity gained on principal adds $3,872/yr, and annual property appreciation at 5% supports $165,769 by year five. Five-year ROI tracks 99.6% and total cumulative return in cash totals $196,608. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,120/mo property income relative to a $2,937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1930

N/A lot

$N/A/sqft

$1,347 monthly HOA

More details about the property

*24-hour notice for all showings is required by building management. Enjoy tranquil sunsets from your perfect Chelsea charmer. Thoughtfully reimagined to maximize every square inch of space, this immaculate studio enjoys amazing western views and afternoon sunlight while remaining pin-drop quiet. Prewar details abound, including 9 ft. beamed ceilings, thermo-pane casement windows, and beautiful original oak flooring. This home features an open, windowed kitchen with breakfast bar, white cabinetry, dishwasher, full-sized refrigerator, and Bertazzoni microwave and oven as well as a lovely subway tiled bathroom with black and white mosaic tile floor. Storage is no issue with the large foyer closet and custom built-ins that provide both ample clothing storage and desk space. The sleeping alcove easily accommodates a queen-sized bed and offers chic sconces perfect for night-time reading. Conveniently located near the world's leading contemporary art galleries, chic restaurants, Highline and Hudson River Parks, West Village, Meatpacking, transportation, and every imaginable convenience, Chelsea's premiere full service building, 201 W. 16th Street, is replete with a 24 hour doorman, beautifully planted 20th floor common roof deck with unparalleled skyline views, outstanding staff, basement laundry, storage units, bike room, and live-in superintendent. Pets, subletting, gifting, pied-a-terres, and parents purchasing for working children are permitted.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,957 (100%)
Owner Occupied HU	10,815 (30.9%)
Renter Occupied HU	19,813 (56.7%)
Vacant Housing Units	4,329 (12.4%)
Median Home Value	$1,184,111
Average Home Value	$1,321,727