270 W 17th St APT 14B, New York, NY, 10011 | 4.46% Rental Yield

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270 W 17th St APT 14B, New York, NY, 10011 | 4.46% 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

Total monthly income runs $4,553/mo, and a $5,996/mo payment. Purchase price stands at $1,225,000, and rental yield measures 4.46% with $4,553/mo rent. Return on cash invested shows 7.03% in year one, and 5% annual appreciation builds toward $338,445 over five years. Five-year ROI reaches 35.18% and total cumulative return in cash records $139,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,553/mo property income covering a $5,996/mo payment rather than investor’s personal income.

Condo

Built in 1989

N/A lot

$N/A/sqft

$786 monthly HOA

More details about the property

This 14th floor, 1 bedroom apartment is located in The Grand Chelsea, one of Chelsea's premier, full service luxury condominiums. The apartment is bright and has beautiful open city views including the Empire State Building and Hudson Yards along with a balcony to enjoy the view! Additional features include a renovated pass thru kitchen with stainless steel appliances, excellent closet space, generous sized rooms and new windows. The Grand Chelsea is a pet-friendly, full service luxury building with an impressive lobby and features 24 hour doorman, porter and superintendent. There is a central laundry room and a large sun deck conveniently located off of it. Perfectly located in the heart of Chelsea, it is in close proximity to the Meatpacking District, the West Village, Union Square and countless shops and restaurants. The A, C, E and L trains are located just around the corner on Eighth Avenue and the 1, 2 & 3 trains are nearby on Seventh Avenue.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,957 (100%)
Owner Occupied HU	10,815 (30.9%)
Renter Occupied HU	19,813 (56.7%)
Vacant Housing Units	4,329 (12.4%)
Median Home Value	$1,184,111
Average Home Value	$1,321,727