225 Rector Pl APT 21A, New York, NY, 10280 | 7.61% Rental Yield

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225 Rector Pl APT 21A, New York, NY, 10280 | 7.61% 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

Rental property for sale in New York at 225 Rector Pl APT 21A, New York, NY, 10280 offers $5,639/mo rent that, after a $4,351/mo payment. Total monthly income is $5,639/mo. Return on cash invested measures 14.28% in year one, and rental yield stands at 7.61% at a $889,000 entry. Equity gained on principal adds $5,737/yr while 5% annual appreciation compounds into $245,614 by year five. Five-year ROI records 74.91% and total cumulative return in cash reaches $219,098. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,639/mo property income versus a $4,351/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1985

N/A lot

$N/A/sqft

$918 monthly HOA

More details about the property

Your new home awaits! Join the wonderful community at 225 Rector Place in beautiful Battery Park City. This light, bright, oversized one bedroom has three windows and two large closets. You have spectacular views of the Oculus and One World Trade Center from the 21st floor as well as wide-plank hardwood flooring and an updated open kitchen with a breakfast bar. Hidden appliances, an oversized range with hood and quartz countertops complete the sleek, modern look. There are a total of four closets for all of your storage needs and the marble tiled bath is complete with a quartz-topped vanity and extra large medicine cabinet with shelving. 225 Rector offers a myriad of amenities for your enjoyment. This full service, luxury building has a 24 hour concierge and a parking garage which is connected to the building. There is a two-story fitness center, a beautiful indoor pool with a skylight roof and a steam room. In addition, you will find a childrens playroom, bike room and a Roof deck with spectacular views of the New York Harbor. This Battery Park oasis is conveniently located near the PATH train and the WTC Transport Hub. Great restaurants and shopping at Brookfield Place, as well as easy access to the West Highway and FDR Drive make this the perfect location for your new home. Some Photos are virtually staged

Neighborhood Data

Neighborhood data shown for ZIP Code: 10280, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,426 (100%)
Owner Occupied HU	1,550 (28.6%)
Renter Occupied HU	3,384 (62.4%)
Vacant Housing Units	492 ( 9.1%)
Median Home Value	$1,096,026
Average Home Value	$1,315,710