324 Pearl St APT 3A, New York, NY, 10038 | $222/mo Cash Flow

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324 Pearl St APT 3A, New York, NY, 10038 | $222/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

Investment property for sale in New York at 324 Pearl St APT 3A, New York, NY, 10038 with 5% annual appreciation on a $575,000 basis while $4,478/mo rent supports operations. Total monthly income totals $4,478/mo and a $2,814/mo payment preserves $222/mo for cash returns. Annual cash flow comes to $2,659/yr on $189,175 deployed, and return on cash invested reaches 21.47% in year one. Equity gained on principal adds $3,710/yr, and five-year appreciation sums $158,862 alongside rental yield of 9.35%. Five-year ROI measures 112.77% and total cumulative return in cash totals $213,335.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,478/mo property income versus a $2,814/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1920

N/A lot

$N/A/sqft

$417 monthly HOA

More details about the property

*SEAPORT LOFT-LIKE STUDIO HISTORIC CHARM WITH MODERN LUXURY* This loft-like studio with the wood burning fireplace in The Bindery offers the perfect blend of character and convenience in the heart of the historic South Street Seaport. Featuring soaring 11-foot ceilings, exposed brick walls, and oversized windows with sunny Western exposure, this home is flooded with natural light and timeless appeal. The spacious great room boasts a decorative fireplace, gleaming hardwood floors, and a seamless flow into the pass-through kitchen, which is outfitted with stainless steel appliances and cherry cabinetry. The gallery hall offers floor-to-ceiling closets, while the clean and fresh bathroom features a combination shower/tub, pedestal sink, and glass shelving. Building Amenities: Laundry facilities, an attentive superintendent, and a beautifully renovated nautical-themed lobby. Neighborhood Highlights: Stroll cobblestone streets lined with shopping, dining, and nightlife. Enjoy the vibrant Seaport atmosphere with waterfront views, a summer concert series, and the nearby 55 Fulton Gourmet Market and Fulton Street Transit Center. With easy access to the 2/3, 4/5, A/C, J/Z, and N/R/W trains, this home offers both charm and convenience.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10038, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,600 (100%)
Owner Occupied HU	2,863 (21.1%)
Renter Occupied HU	8,937 (65.7%)
Vacant Housing Units	1,800 (13.2%)
Median Home Value	$894,071
Average Home Value	$1,101,949