208 E 28th St APT 2J, New York, NY, 10016 | $1,279/mo Cash Flow

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208 E 28th St APT 2J, New York, NY, 10016 | $1,279/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 208 E 28th St APT 2J, New York, NY, 10016 listed at $600,000 pairs $7,006/mo rent with a $2,937/mo payment to leave $1,279/mo cash flow. Total monthly income runs $7,006/mo, and annual cash flow reaches $15,348/yr on $197,400 cash to close. Return on cash invested measures 27.84% in year one, and rental yield registers 14.01% 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 149.74% and total cumulative return in cash totals $295,596. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,006/mo property income relative to a $2,937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1940

N/A lot

$N/A/sqft

$1,720 monthly HOA

More details about the property

**NEW PRICE** **HIDDEN GEM!** Can show with short notice! **Rarely Available Investor Friendly/Perfect Home!** Gorgeous, spacious and tastefully renovated prewar **One Bedroom/Flex 2**! The apt features a large entrance foyer leading into full dining area and open windowed kitchen with gleaming granite counter tops, including breakfast bar, all GE stainless steel appliances, including dishwasher and microwave, tons of cabinetry and matching storage unit across from the dining area. The over sized living room fits an L shaped or large sectional couch and entertainment center, with room for a home office! Bedroom can accommodate a **King** sized bed plus real furniture and has a wall of double closets, plus built in. All new fully tiled bath features updated fixtures and has built in linen and storage closet plus **Washer/Dryer** in the unit! Other storage includes an enormous walk in closet off the entryway. There are high ceilings and beautiful original hardwood flooring throughout, with sunny north and south double exposure, with windows in every room. **Current market rent for this apt is $4500.00+!!** 208 East 28th Street is a unique art deco elevator pre-war with beautiful lobby and features **virtual doorman/video intercom** accessible from mobile device/computer, a common garden, all new laundry room and superintendent on the premises. Located on a quiet, tree-lined block this popular neighborhood is convenient to subway, buses, shopping, and is bursting with entertainment, fab restaurants and pubs, movie theaters, and night life. Steps to Trader Joes, Fairway, Target, and more! Steps to NYU and Bellevue Medical Centers, NYU School of Medicine and NYU School of Dentistry. Perfect for INVESTORS or 1031 purchasers looking for flexibility and good rent potential Rent from day 1, (with approval). 12 month minimum, NO short term rentals. **Current market rent for this apt is $4500.00+!!** Pied e terr, co-purchasers, parents buying for children OK Please contact us for more information and to set up a showing.

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