24 5th Ave APT 706, Manhattan, NY, 10011 | $2,228/mo Cash Flow

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24 5th Ave APT 706, Manhattan, NY, 10011 | $2,228/mo Cash Flow | Ziffy

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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 Manhattan at 24 5th Ave APT 706, Manhattan, NY, 10011 offers a 18.83% rental yield on a $395,000 purchase with $6,198/mo rent. Total monthly income registers $6,198/mo, and a $1,933/mo payment leaves $2,228/mo available for distribution. Annual cash flow reaches $26,731/yr on $130,943 to close, and return on cash invested stands at 40.32% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 217.38% and total cumulative return in cash at $284,646. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,198/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1926

N/A lot

$N/A/sqft

$1,333 monthly HOA

More details about the property

Welcome home to this charming, south-facing studio apartment awaiting you at the classically elegant prewar 24 Fifth Avenue in super-prime Greenwich Village. This lovely home features high beamed ceilings, sunny windows, parquet hardwood floors, an open kitchen with abundant cabinet space, and updated bathroom with bathtub. Move right into this special gem! Originally the luxurious Fifth Avenue Hotel built in 1926, 24 Fifth Avenue is a distinguished 15-story prewar building designed by preeminent architects Emery Roth & Sons in the Spanish Renaissance style, and renovated in 1987. A grand lobby, 24-hour doorman, 3 new passenger elevators, freight elevator, resident super, onsite management, full staff, fitness center, modern laundry room and bike room heighten the allure of living here. Having the romantic Provencal eatery Claudette at the base of the building will never fail to delight you! Second to none is the location, just 2 blocks from Washington Square Park, minutes from some of downtowns best restaurants as well as boutiques and transportation, with the express subway at West 4th Street, Union Square and 14th Street/7th Avenue. Dont miss the opportunity to see this wonderful offering!

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