280 Rector Pl APT 9H, New York, NY, 10280 | $1,566/mo Cash Flow

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280 Rector Pl APT 9H, New York, NY, 10280 | $1,566/mo Cash Flow | 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 280 Rector Pl APT 9H, New York, NY, 10280 priced at $625,000 converts $7,406/mo rent into $1,566/mo cash flow after a $3,059/mo obligation. Total monthly income equals $7,406/mo, and annual cash flow totals $18,796/yr on $205,625 invested. Return on cash invested prints 29.2% in year one, and rental yield reads 14.22% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 156.82% and total cumulative return in cash sums $322,453. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,406/mo property income covering a $3,059/mo payment, not borrower’s personal income.

Condo

Built in 1985

N/A lot

$N/A/sqft

$1,177 monthly HOA

More details about the property

Welcome to Residence 9H at 280 Rector Place, a bright and beautifully renovated one-bedroom home located in a well-maintained condominium in Battery Park City. This move-in ready apartment has been updated from top to bottom with a modern, open layout that maximizes space and natural light. The kitchen features full-size stainless steel appliances, custom cabinetry, and a peninsula with seating that opens into a spacious living area, perfect for both relaxing and entertaining. Large windows bring in fantastic light throughout the day, and the top-floor location offers added privacy and quiet. The bedroom easily fits a queen-size bed and includes a generous closet. The bathroom has been fully updated with clean, modern finishes. Additional upgrades include wide-plank hardwood floors, new lighting, and updated heating and cooling units. 280 Rector Place is a full-service building with recently renovated hallways and excellent amenities including a 24-hour doorman, fitness center, residents' lounge, laundry on every floor, and a landscaped rooftop with stunning city and river views. Located just steps from the Hudson River promenade, beautiful parks, Brookfield Place, Whole Foods, and several major subway lines, this is a rare opportunity to own a stylish, turnkey home in one of Manhattans most peaceful and scenic neighborhoods.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10280, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,426 (100%)
Owner Occupied HU	1,550 (28.6%)
Renter Occupied HU	3,384 (62.4%)
Vacant Housing Units	492 ( 9.1%)
Median Home Value	$1,096,026
Average Home Value	$1,315,710