3 Hanover Sq APT 11E, New York, NY, 10004 | 9.95% Rental Yield

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3 Hanover Sq APT 11E, New York, NY, 10004 | 9.95% 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

Investment property for sale in New York at 3 Hanover Sq APT 11E, New York, NY, 10004 listed at $535,000 pairs $4,436/mo rent with a $2,619/mo payment. Total monthly income runs $4,436/mo. Return on cash invested measures 16.23% in year one, and rental yield registers 9.95% at a $535,000 basis. Equity gained on principal adds $3,452/yr, and annual property appreciation at 5% supports $147,811 by year five. Five-year ROI tracks 87.23% and total cumulative return in cash totals $153,532. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,436/mo property income relative to a $2,619/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1926

N/A lot

$N/A/sqft

$1,425 monthly HOA

More details about the property

Massive Loft-Like Apartment in a clean and well maintained Beautiful 24 hour Doorman pet friendly building with Laundry! This Bright and Sunny apartment is located in the historic New York Cotton Exchange in The Great Financial District and it is in a move-i ready condition for a perfect living. The stunning high ceilings and oversized windows brings a lot of Character to this unit and welcomes a serene natural light throughout the apartment. The Southwestern views, Recessed lights,beautiful hardwood floors and great closet space are only a few of the nice deatails of the Apartment. The Renovated kitchen has great counter space, plenty of kitchen cabinets and new stainless steel appliances. Large Renovated bathroom and Tons of closet space. This Full-service 24 hour Doorman/Concierge building has a live in super, renovated lobby & Hallways and Laundry rooms in every three floors in the building. The building offers complimentary storage for every apartment. The building is located in a prime location near The South Street Seaport, Wall & Stone streets, Water Ferries and within few minutes of the M-15 Bus and The #2,3,4,5,J,W & Z trains at the fulton Street station. Pets, Pied-A-Terres, Co-Purchasing and Subletting are allowed with Board Approval. Don't miss the great opportunity to be part of the first major building in the Financial District to be converted into a beautiful cooperative in the 1980's becom and joined the National Register of Historic Places!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10004, New York, NY area.

Housing Distribution

Housing Statistics

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