24 5th Ave APT 810, New York, NY, 10011 | 7.35% Rental Yield

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24 5th Ave APT 810, New York, NY, 10011 | 7.35% 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

Total monthly income runs $2,756/mo, and a $2,203/mo payment. Purchase price stands at $450,000, and rental yield measures 7.35% with $2,756/mo rent. Return on cash invested shows 17.9% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 92.73% and total cumulative return in cash records $138,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,756/mo property income covering a $2,203/mo payment rather than investor’s personal income.

Condo

Built in 1926

N/A lot

$N/A/sqft

No HOA

More details about the property

ALL OPEN HOUSES BY APPOINTMENT ONLY Beautifully updated and available for the first time in over 30 years! Residence 810 is a beautifully updated, exterior facing, spacious studio apartment awaiting you at the elegant prewar 24 Fifth Avenue in prime Greenwich Village. This lovely southwest-facing unit which is overlooking tranquil, tree lined 9th Street, boasts high beamed 9ft ceilings, windows galore, parquet floors, a renovated kitchen with dishwasher and abundant cabinet space, tile bathroom with newly reglazed bathtub, and generous closet space. 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, 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.24 Fifth Avenue is on a land lease with expiration in 2087. 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