








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in New York at 3 Hanover Sq APT 11C, New York, NY, 10004 priced at $1,245,000 converts $4,316/mo rent into after a $6,094/mo obligation. Total monthly income equals $4,316/mo. Return on cash invested prints 0.05% in year one, and rental yield reads 4.16% against a $1,245,000 entry. Equity gained on principal adds $8,034/yr, while 5% annual appreciation compiles into $343,971 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,316/mo property income covering a $6,094/mo payment, not borrower’s personal income.
Condo
Built in 1926
N/A lot
$N/A/sqft
$2,833 monthly HOA
Neighborhood data shown for ZIP Code: 10004, New York, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,589 (100%) |
| Owner Occupied HU | 383 (14.8%) |
| Renter Occupied HU | 1,792 (69.2%) |
| Vacant Housing Units | 414 (16.0%) |
| Median Home Value | $1,496,988 |
| Average Home Value | $1,488,773 |
Residential
2,407
Single Family
6
Multi-Family
2,401
Businesses
956
Date | Event | Price |
|---|---|---|
| 2025-09-11 | Listed for sale | $1,245,000 |
| 2023-01-12 | Sold | $1,100,000 |
| 2022-11-09 | Pending sale | $1,150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2019-09-11 | N/A | N/A | N/A | N/A |
| 2018-09-11 | $2513748.20 | N/A | $24,909,300 | 27.88% |
| 2017-09-11 | N/A | N/A | $19,479,150 | N/A |



Listed by: Amanda Kahn • Corcoran
Mls Name: StreetEasy
Mls ID: #S1789594