377 Rector Pl APT 7K, New York, NY, 10280 | $610/mo Cash Flow

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377 Rector Pl APT 7K, New York, NY, 10280 | $610/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

Rental property for sale in New York at 377 Rector Pl APT 7K, New York, NY, 10280 generates $5,946/mo in rent and, after a $3,911/mo payment, leaves $610/mo in cash flow. Total monthly income is $5,946/mo, and annual cash flow is $7,321/yr on $262,871 invested. Return on cash invested sits at 22.85% in year one, and rental yield is 8.93% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 119.21% and total cumulative return in cash sums $313,374. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,946/mo property income rather than buyer’s personal income.

Condo

Built in 1985

N/A lot

$N/A/sqft

No HOA

More details about the property

South-Facing 1BR with Private Balcony and Postcard Statue of Liberty Views! Welcome to apartment 7K, a sought-after K-line with sun-filled southern exposure and open views of the Hudson River, New York Harbor, and the Statue of Liberty. This one-bedroom, one-bathroom home balances space and serenity: generously sized rooms, recently refinished floors throughout, and excellent closet space. The sun-lit living room comfortably accommodates both, seating and dining areas. The kitchen is appointed with stainless-steel appliances (including a new refrigerator), granite countertops, and solid-wood cabinetry in a neutral palette. The bedroom comfortably fits a king size bed, nightstands, a desk, and a dresser, and opens to a private balcony with sweeping water views for morning coffee or evening exhale. The bathroom features Carrara marble floor and wall tiles, plus a medicine cabinet for additional storage. Set directly on the Hudson River Esplanade, Liberty House at 377 Rector Place is a 27-story condominium within the Liberty Residences. The location is minutes away from Battery Park Citys parks, shops, and restaurants, and an easy walk to the Brookfield Place, One World Trade Center, the PATH, and multiple subway and bus lines. Building amenities include a 24-hour doorman and concierge, a live-in resident manager, and a newly renovated lobby and corridors. Conveniences include a central laundry room, private storage and bicycle storage. Residents may also join The Terrace Club a waterfront fitness center featuring a riverfront gym and an indoor pool with an outdoor deck and retractable roof for an additional fee. The building is pet-friendly!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10280, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,426 (100%)
Owner Occupied HU	1,550 (28.6%)
Renter Occupied HU	3,384 (62.4%)
Vacant Housing Units	492 ( 9.1%)
Median Home Value	$1,096,026
Average Home Value	$1,315,710