254 Park Ave S APT 6C, New york, NY, 10010 | 4.9% Rental Yield

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254 Park Ave S APT 6C, New york, NY, 10010 | 4.9% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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

Rental property for sale in New york at 254 Park Ave S APT 6C, New york, NY, 10010 priced at $1,399,999 pairs $5,712/mo rent with after a $6,852/mo payment. Total monthly income equals $5,712/mo. Return on cash invested is 8.3% in year one, and rental yield stands at 4.9% on a $1,399,999 basis. Equity gained on principal adds $9,034/yr, and 5% annual appreciation accumulates to $386,794 by year five. Five-year ROI measures 42.06% and total cumulative return in cash reaches $190,795. For financing, Ziffy Mortgage’s DSCR program evaluates $5,712/mo property income against a $6,852/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1913

N/A lot

$N/A/sqft

$924 monthly HOA

More details about the property

Nestled in the heart of Gramercy on Park Avenue South, this one-of-a-kind pre-war loft epitomizes historic elegance with modern sophistication. Flooded with stunning eastern and southeastern light from oversized arched windows that stretch the length of the apartment, this spacious one-bedroom home is truly a standout in one of Gramercys most sought-after full-service condominiums. Perched on the sixth floor, this residence is designed to impress with soaring 11-foot ceilings and six large windows that bathe the space in natural light. The expansive master bedroom is generously sized, accommodating a king-size bed and additional furnishings with ease, and boasts a massive walk-in closet for ample storage. Finished to triple-mint standards, the home showcases exquisite attention to detail throughout. Residents enjoy access to exclusive amenities, including a private gym and the Park Loungea sprawling 1,400-square-foot social space featuring a bar, billiard tables, and a poker room, perfect for entertaining or unwinding. A 24-hour doorman, concierge, and on-site resident manager ensure a seamless, luxurious living experience. Just steps away from premier dining, a farmers' market, and major transportation, this exceptional home presents a rare opportunity to live in one of New York Citys most vibrant and iconic neighborhoods. Please note a monthly capital assessment of $281.80 is currently in effect.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10010, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,835 (100%)
Owner Occupied HU	4,675 (23.6%)
Renter Occupied HU	12,977 (65.4%)
Vacant Housing Units	2,183 (11.0%)
Median Home Value	$1,076,308
Average Home Value	$1,205,915