362 W 20th St APT 3, Manhattan, NY, 10011 | $1,604/mo Cash Flow

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362 W 20th St APT 3, Manhattan, NY, 10011 | $1,604/mo Cash Flow | 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

Investment property for sale in Manhattan at 362 W 20th St APT 3, Manhattan, NY, 10011 with 5% annual appreciation on a $759,000 basis while $8,192/mo rent supports operations. Total monthly income totals $8,192/mo and a $3,715/mo payment preserves $1,604/mo for cash returns. Annual cash flow comes to $19,253/yr on $249,711 deployed, and return on cash invested reaches 27.77% in year one. Equity gained on principal adds $4,898/yr, and five-year appreciation sums $209,698 alongside rental yield of 12.95%. Five-year ROI measures 148.27% and total cumulative return in cash totals $370,235.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $8,192/mo property income versus a $3,715/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in N/A

N/A lot

$N/A/sqft

$1,519 monthly HOA

More details about the property

Why pay rent when you can pay your mortgage? Welcome to your new home on the most iconic historic block in Chelsea! Located on West 20th Street, near 9th Avenue and The General Theological Seminary, this impeccably maintained 33-unit co-op offers the exclusivity of just one apartment per floor at #362 West 20, ensuring unparalleled privacy. Ascend two flights to find a home where every detail has been meticulously curated. The recently renovated chef's kitchen features a brand-new washer and dryer, top-of-the-line appliances, like a Bertazzoni 24-inch stove and dishwasher, a Kraus Kore sink, and a Kraus high arch pull-down faucet. Fabuwood Galaxy Frost cabinets, a Camdem backsplash, Sikeston Statuario countertops, and Malibu White flooring complete the sophisticated look. The bathroom is equally refined, with Gravity Mosaic flooring, a Moen brushed nickel faucet, and a dual-head shower system. It also has white gloss tiles, a Rossi single vanity set, and a Carrara marble top. The classic living area boasts an exposed brick wall with a custom wood bookshelf, 10-foot ceilings, wood floors, and north-facing casement windows with tree-lined street views. The south-facing bedroom provides a serene retreat with tranquil vistas. West Chelsea is a dynamic neighborhood along the Hudson River, known for its cultural landmarks such as Chelsea Market and Chelsea Piers. It's also home to the iconic High Line, high-end designer shops, upscale restaurants, and art galleries, blending history with contemporary living. The neighborhood is also a burgeoning office district, housing headquarters for companies like Google, and it's near Hudson Yards. Explore trendy boutiques like Boutique Muleh, savor authentic Spanish cuisine at Salina, and enjoy the best French pastries at La Bergamote. The buyer-friendly co-op welcomes: Pied--Terre, Guarantors Gifting Co-purchasing Shareholders in good standing can sublet for up to five years. Your lovely pet is welcome! Experience Chelsea's perfect blend of historic charm and modern conveniences in your new home.

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