24 5th Ave APT 912A, New York, NY, 10011 | $1,664/mo Cash Flow

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24 5th Ave APT 912A, New York, NY, 10011 | $1,664/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 24 5th Ave APT 912A, New York, NY, 10011 offers a 13.33% rental yield on a $845,000 purchase with $9,389/mo rent. Total monthly income registers $9,389/mo, and a $4,136/mo payment leaves $1,664/mo available for distribution. Annual cash flow reaches $19,969/yr on $278,005 to close, and return on cash invested stands at 27.24% in year one. Equity gained on principal adds $5,453/yr while 5% annual appreciation supports $233,458 over five years. Portfolio math shows five-year ROI at 146.06% and total cumulative return in cash at $406,044. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,389/mo property income against a $4,136/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

$2,082 monthly HOA

More details about the property

Step into the Roaring Twenties! Live the dream in this charming landmark building - the former luxury The Fifth Avenue Hotel. 912A is a sun-splashed 1 bedroom residence with south exposure, which welcomes you to a spacious living room and high beamed ceilings. The expanded kitchen close to the entry foyer was updated with stainless steel appliances including Dishwasher. Both the living room and a king-size bedroom have generous walk-in closets. The en-suite charming bathroom with soaking bathtub and shower boasts art deco style tiles. This home is located at one of the prettiest blocks in Greenwich Village, a few blocks from Washington Square Park. A charming restaurant, Claudette, and Forbes Media are on the ground floor of the building. The large and elegant lobby, with carved plaster ceiling and mosaic panels, will swing you back to the 1920s era in which the building was constructed. This coop offers a full-time doorman, fitness center, bike room, and laundry facilities. 24 Fifth Avenue is on a ground lease (land lease) through 2087. Parents buying with children, gifting, and pieds-a-terre are at the board's discretion You must use the apartment for three years before you can rent the apartment for three out of five years. The building is pet-friendly.

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