242 Broome St #6CNew YorkNY10002








Nearby investment properties with comparable rents
Nearby investment properties with comparable prices

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


Investment Highlights
Investment property for sale in New York at 242 Broome St #6C, New York, NY, 10002 projects strong ROI of 6.53%. Rental yield 4.7%. With 5% annual appreciation, the property builds $621,634 in value over five years. Equity growth combined delivers a projected five-year ROI of 32.96%, translating into $240,281 in total cumulative return on $729,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2018
N/A lot
$N/A/sqft
$2,188 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 10002, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40,854 (100%) |
| Owner Occupied HU | 6,264 (15.3%) |
| Renter Occupied HU | 31,158 (76.3%) |
| Vacant Housing Units | 3,432 ( 8.4%) |
| Median Home Value | $821,930 |
| Average Home Value | $952,686 |
Housing Distribution
Address Breakdown
Residential
38,568
Single Family
2,061
Multi-Family
36,507
Businesses
2,805
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $2,250,000 |
| 2018-07-25 | Sold | $2,090,162 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-15 | $21438.00 | 0.57% | $201,716 | 0.19% |
| 2023-03-15 | $21317.00 | N/A | $201,343 | 4.52% |
| 2022-03-15 | N/A | N/A | $192,638 | 0.18% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices



Facts & Features
General Information
- Type: Condo
- Year Built: 2018
- Architectural Style: N/A
- Building Area: 1,005
- Living Area: 1,005 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: Central Air
- Flooring: Hardwood
- Interior Features: N/A
- Exterior Features: Balcony, Garden, Terrace
- Parking Features: N/A
Location
HOA & Fees
- HOA Fee: $2,188 monthly
- Association Fee: $2,188 monthly
- Fees & Dues: N/A
- Association Amenities: Laundry, Fitness Center, Elevator(s), Concierge
- Association Fee Includes: Maintenance
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Luke Whittle • Elegran | Forbes Global Properties
Mls Name: StreetEasy
Mls ID: #S1758247








