203 W 87th St APT 53, New York, NY, 10024 | 10.79% Rental Yield

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203 W 87th St APT 53, New York, NY, 10024 | 10.79% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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 203 W 87th St APT 53, New York, NY, 10024 earns from $6,743/mo rent with a $3,671/mo payment. Total monthly income totals $6,743/mo. ROI tracks 19.93% on current figures, and rental yield reads 10.79% at a $750,000 purchase. Equity gained on principal adds $4,840/yr, and 5% annual appreciation supports $207,211 over five years. Five-year ROI reaches 106.68% and total cumulative return in cash sums $263,238. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,743/mo property income instead of your personal income.

Condo

Built in 1915

N/A lot

$N/A/sqft

$1,761 monthly HOA

More details about the property

Renovated Split Two-Bedroom on a Quaint Tree-Lined Block Don't miss this renovated split two-bedroom home on a quaint, tree-lined block of West 87th Street. Just moments from Central Park and neighborhood favorites like Barney Greengrass, The Granola Bar, Il Gusto Wine Bar, Tasca, and Jacob's Pickles, this location offers the perfect balance of peaceful living and vibrant city energy. Perched on the top floor, Residence 53 offers a serene, sun-filled setting. A gracious entry hall with a large utility closet leads into a bright and airy living/dining area, where gleaming hardwood floors and high ceilings create an inviting sense of openness. The windowed, renovated kitchen is a highlight, featuring stainless steel appliances, new countertops, and a cheerful backsplash. The oversized primary bedroom accommodates a king-size bed with ease and includes two large closets. Soft natural light makes it a welcoming space for reading or relaxing. The second bedroom, positioned on the opposite end of the home for privacy, offers ample storage and flexibility-ideal as a bedroom (twin/full bed), guest space, or home office. A gut-renovated bath, recessed lighting, and thoughtful finishes complete the interior. This boutique, pet-friendly elevator cooperative offers a live-in superintendent, laundry room, bike storage, general storage, and video intercom. Pied--terres are welcome, subletting is permitted with board approval, and co-purchasing is allowed. Perfectly situated near the 1, B, and C trains, Unit 53 combines comfort, style, and convenience in one of Manhattan's most sought-after neighborhoods.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10024, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,255 (100%)
Owner Occupied HU	10,791 (31.5%)
Renter Occupied HU	19,161 (55.9%)
Vacant Housing Units	4,303 (12.6%)
Median Home Value	$1,690,841
Average Home Value	$1,553,022