377 Rector Pl APT 8L, New York, NY, 10280 | 7.67% Rental Yield

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377 Rector Pl APT 8L, New York, NY, 10280 | 7.67% 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

Rental property for sale in New York at 377 Rector Pl APT 8L, New York, NY, 10280 priced at $750,000 converts $4,795/mo rent into after a $3,671/mo obligation. Total monthly income equals $4,795/mo. Return on cash invested prints 11.61% in year one, and rental yield reads 7.67% against a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation compiles into $207,211 by year five. Five-year ROI reaches 61.62% and total cumulative return in cash sums $152,046. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,795/mo property income covering a $3,671/mo payment, not borrower’s personal income.

Condo

Built in 1985

N/A lot

$N/A/sqft

$1,172 monthly HOA

More details about the property

Breathtaking views in Battery Park City! Never miss a sunset from your lofty perch in one of the South Ends top luxury condo buildings. This renovated 1br/1ba home features stunning unobstructed views of the Hudson River, New York Harbor and the Statue of Liberty. The living room can comfortably accommodate both living and dining and is open to a renovated kitchen featuring natural stone countertops, solid wood cabinets and stainless steel appliances. The bedroom can easily accommodate a king size bed with additional furniture and the renovated marble bathroom is the icing on the cake. Sitting adjacent to the Hudson River Esplanade, 377 Rector Place offers residents direct access to Hudson River Park and some of the best outdoor recreational spaces that NYC has to offer, including landscaped running and cycling paths with picturesque river views. You are in close proximity to EVERYTHING that Lower Manhattan has to offer, including a phenomenal selection of grocery stores, restaurants, shopping and entertainment, as well as multiple subway and bus lines. 377 Rector Place features a 24/7 doorman, concierge, live-in Resident Manager and full-time building maintenance staff, as well as a recently renovated lobby and hallways. There is a central laundry room in the building, as well as storage units, bicycle storage and on-site parking. Residents can also take advantage of The Terrace Club waterfront fitness center and indoor pool for an additional fee. 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