252 South St #53E, New York, NY, 10002 | 5.29% Rental Yield

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252 South St #53E, New York, NY, 10002 | 5.29% Rental Yield | 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 252 South St #53E, New York, NY, 10002 listed at $1,395,000 pairs $6,154/mo rent with a $6,828/mo payment. Total monthly income runs $6,154/mo. Return on cash invested measures 9.57% in year one, and rental yield registers 5.29% at a $1,395,000 basis. Equity gained on principal adds $9,002/yr, and annual property appreciation at 5% supports $385,413 by year five. Five-year ROI tracks 48.82% and total cumulative return in cash totals $220,654. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,154/mo property income relative to a $6,828/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2019

N/A lot

$N/A/sqft

$907 monthly HOA

More details about the property

**ONE MANHATTAN SQUARE OFFERS ONE OF THE LAST 20-YEAR TAX ABATEMENTS AVAILABLE IN NEW YORK CITY. No sponsor expenses.** Step into Residence 53E at One Manhattan Square, where the cityscape becomes your living backdrop. This spacious 694 sq ft one-bedroom, one-bathroom home invites you to an elevated lifestyle with its sweeping views of the East River and Williamsburg Bridge Designed by the acclaimed Meyer Davis Studio, the interiors boast modern elegance with imported stone, custom finishes, and a premium Miele appliance package. The gourmet kitchen with a breakfast bar; and the bath with radiant-heated mosaic floors create a sanctuary in the sky. Imagine waking up to panoramic views and enjoying your morning coffee while the city comes to life below. With a washer and dryer conveniently included, daily life becomes effortlessly seamless. One Manhattan Square stands tall along the Lower East Side Waterfront, offering over 100,000 square feet of unparalleled indoor and outdoor amenities. Picture yourself unwinding in the private spa, taking a dip in the 75' saltwater pool, or enjoying a movie night in the 42-person theater. The vibrant neighborhood will be your playground, close to landmarks like the South Street Seaport, Manhattan Bridge and the East River Esplanade.

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