39 Gramercy Park N APT 9AManhattanNY10010
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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
Investment Highlights
Investment property for sale in Manhattan at 39 Gramercy Park N APT 9A, Manhattan, NY, 10010 offers a 9.8% rental yield on a $988,000 purchase with $8,071/mo rent. 84% in year one. Equity gained on principal adds $6,375/yr while 5% annual appreciation supports $272,966 over five years. Portfolio math shows five-year ROI at 95.13% and total cumulative return in cash at $309,232. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,071/mo property income against a $4,836/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1956
N/A lot
$N/A/sqft
$2,075 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10010, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,835 (100%) |
| Owner Occupied HU | 4,675 (23.6%) |
| Renter Occupied HU | 12,977 (65.4%) |
| Vacant Housing Units | 2,183 (11.0%) |
| Median Home Value | $1,076,308 |
| Average Home Value | $1,205,915 |
Housing Distribution
Address Breakdown
Residential
19,396
Single Family
111
Multi-Family
19,285
Businesses
2,475
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