246 Spring St #2802, New York, NY, 10013 | 12.14% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

246 Spring St #2802, New York, NY, 10013 | 12.14% Rental Yield | Ziffy

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
- sft

367 3rd St UNIT 501, Jersey City, NJ, 07302

3 Bed
2 Bath
1496 sft

331 Lamoka Ave, Staten Island, NY, 10308

4 Bed
4 Bath
3690 sft

367 Ocean Ter, Staten Island, NY, 10301

2 Bed
3 Bath
1600 sft

200 Shearwater Ct W APT 52, Jersey City, NJ, 07305

Nearby investment properties with comparable prices

4 Bed
2 Bath
- sft

55 Gardner Ave, Jersey City, NJ, 07304

Investment Property+ 2 more

- Bed
- Bath
9999 sft

1013 Chancellor Ave #N/A, Maplewood, NJ, 07040

5 Bed
2 Bath
- sft

53 Astor Pl, Jersey City, NJ, 07304

5 Bed
2 Bath
- sft

211 Clendenny Ave, Jersey City, NJ, 07304

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New York at 246 Spring St #2802, New York, NY, 10013 offers a 12.14% rental yield on a $550,000 purchase with $5,563/mo rent. 88% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 92.92% and total cumulative return in cash at $168,142. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,563/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2009

N/A lot

$N/A/sqft

$2,370 monthly HOA

More details about the property

This is a very unique condo hotel studio at the Dominick at Spring/Varick Streets in Tribeca in New York. #2802 has East / North exposures of Manhattan skylines. The pied-a terre home features a king-sized bed and bathroom with Italian marble soaking tub and separate shower stall. An open kitchenette with refrigerator, full-service breakfast bar and microwave. Unit owners are permitted to stay up to 29 days in a 36-day period and no more than 120 nights each calendar year and partake in the building's rental program which is exclusively run by the hotel management. The program allows you to make income while you are not occupying the unit. You receive a detailed statement every quarter showing the number of nights your unit was rented, the rate at which the unit was rented, and the breakdown of fees deducted from the nightly rental income. The Dominick is located in Soho and close to fine restaurants, shops, art galleries and public transportation. Residents will enjoy incredible amenities including doorman service, world-class dining, an 11,000-aquare-foot spa with fitness center, outdoor pool deck, lounge, business center and more. For showings, please give me at least a 48-hour advance notice as the unit may be occupied by hotel customer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10013, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,765 (100%)
Owner Occupied HU	4,327 (25.8%)
Renter Occupied HU	9,733 (58.1%)
Vacant Housing Units	2,705 (16.1%)
Median Home Value	$2,000,001
Average Home Value	$1,809,651