243 W 60th St APT 4B, New York, NY, 10023 | ROI: 25.11%

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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243 W 60th St APT 4B, New York, NY, 10023 | ROI: 25.11% | 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 243 W 60th St APT 4B, New York, NY, 10023 projects strong ROI of 25.11%.

With 5% annual appreciation, the property builds $690,704 in value over five years. Equity growth combined with cash flow delivers a projected five-year ROI of 133.42%, translating into $1,080,711 in total cumulative return on $810,000 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 2008

N/A lot

$N/A/sqft

$3,927 monthly HOA

More details about the property

First Showing 8/28/2024 The grand proportions of this beautiful residence invite a gracious lifestyle: an 11' 4" ceiling, oversized windows, large bedrooms, and ample closets. It is filled with light and air. The alternative floor plan shows plenty of room for a study or dedicated media roomcurrently an open space. No assessments. Please note that a primary resident qualifies for a real estate tax reduction of approximately 17%, bringing the month tax payment to approximately $2,000. This condo achieved a perfect balance of intimacy and luxury. With only 41 units, there is always room for the individual attention of the building's dedicated team, which includes 24-hour doormen and live-in super. Beautiful amenities include a landscaped garden, an elegant residents' lounge, a private gym, and a bike room. Residence 4B comes with a storage unit in the storage room. A sister building, Sessanta, offers access to a large indoor pool, outdoor tennis court, and garage. Adagio is ideally located within minutes of Central Park and Riverside Park South, theater, music, opera, dance, and film at the Lincoln Center, the restaurants and urban playground of the Waterline Square, and the bustle of Columbus Circle.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10023, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	44,765 (100%)
Owner Occupied HU	13,628 (30.4%)
Renter Occupied HU	23,478 (52.4%)
Vacant Housing Units	7,659 (17.1%)
Median Home Value	$1,614,455
Average Home Value	$1,528,815