305 W 16th St APT 4-H, New York, NY, 10011 | 6.74% Rental Yield

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305 W 16th St APT 4-H, New York, NY, 10011 | 6.74% Rental Yield | Ziffy

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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 305 W 16th St APT 4-H, New York, NY, 10011 generates $9,829/mo in rent, after a $8,565/mo payment. Total monthly income is $9,829/mo. Return on cash invested sits at 8.54% in year one, and rental yield is 6.74% on a $1,750,000 entry. Equity gained on principal adds $11,292/yr, while 5% annual appreciation builds toward $483,493 over five years. Five-year ROI reaches 45.3% and total cumulative return in cash sums $256,845. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,829/mo property income rather than buyer’s personal income.

Apartment

Built in 2008

N/A lot

$N/A/sqft

$3,733 monthly HOA

More details about the property

Located in 305W16 at the confluence of Chelsea, West Village and the Meatpacking District, residence 4H is an ideal two bedroom home with double corner exposure to the south and east. The double-paned, triple-locked windows provide peace and quiet and an abundance of natural light. carbonized bamboo flooring throughout. The open kitchen features Caesarstone countertops, Bosch cooktop, range, and microwave, a Fisher & Paykel refrigerator, and custom Italian-made Cerused Wenge cabinetry. The bathrooms have custom Italian-made master vanities, Grohe fixtures and Roca tile. Ample storage and a washer/dryer complete this package. Built in 2010, 305W16 provides residents with a full staff, 24-hour doorman, a fitness room and a beautifully planted common roof deck with a scenic backdrop of the Empire State Building and an ever-growing skyline. Pied-a-terres, investors, and pets all welcome. Transportation could not be easier with the the A,C,E & L trains within one block. Please note, some photos have been virtually staged.

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