22 Leroy St APT 4, New York, NY, 10014 | $1,160/mo Cash Flow

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22 Leroy St APT 4, New York, NY, 10014 | $1,160/mo Cash Flow | 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 22 Leroy St APT 4, New York, NY, 10014 uses $246,750 cash to close to unlock $13,914/yr annual cash flow and $1,160/mo monthly cash flow. Total monthly income runs $7,280/mo, and a $3,671/mo payment keeps the spread at $1,160/mo. Purchase price stands at $750,000, and rental yield measures 11.65% with $7,280/mo rent. Return on cash invested shows 25.7% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 136.47% and total cumulative return in cash records $336,738. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,280/mo property income covering a $3,671/mo payment rather than investor’s personal income.

Condo

Built in 1910

N/A lot

$N/A/sqft

$1,112 monthly HOA

More details about the property

Bring Your Contractor and Vision! Welcome to 22 Leroy Street - a rare opportunity to create your dream home in the heart of the West Village. The apartment is a blank canvas, ready for your creative touch. Currently laid out as a 2BR but easily convertible into a spacious 1BR, apartment 4 is located on the back of the building's first floor, providing easy access and no stairs. Enjoy a quiet, private retreat with four south-facing windows along the rear exposure for great light plus an additional three windows along the other exposures. Situated on a quintessential West Village block, 22 Leroy is a pet-friendly co-op just steps from everything the neighborhood has to offer. Youll find charming cafes, iconic restaurants, boutique shops, and vibrant nightlife right outside your door. With both West 4th Street and Christopher Street stations just 2-3 minutes away, youll have easy access to eight subway lines, making commuting a breeze. This flexible building allows co-purchases, gifting, pied--terres, guarantors, in-unit laundry and subletting for 3 out of every 10 years with board approval. There is a 2% flip tax paid by the seller. All dimensions are estimates. We support Fair Housing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10014, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,730 (100%)
Owner Occupied HU	5,412 (24.9%)
Renter Occupied HU	13,475 (62.0%)
Vacant Housing Units	2,843 (13.1%)
Median Home Value	$1,392,361
Average Home Value	$1,447,235