401 E 89th St APT 2F, New York, NY, 10128 | $20/mo Cash Flow

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401 E 89th St APT 2F, New York, NY, 10128 | $20/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 New York at 401 E 89th St APT 2F, New York, NY, 10128 listed at $750,000 pairs $6,600/mo rent with a $3,671/mo payment to leave $20/mo cash flow. Total monthly income runs $6,600/mo, and annual cash flow reaches $234/yr on $246,750 cash to close. Return on cash invested measures 20.16% in year one, and rental yield registers 10.56% at a $750,000 basis. Equity gained on principal adds $4,840/yr, and annual property appreciation at 5% supports $207,211 by year five. Five-year ROI tracks 107.55% and total cumulative return in cash totals $265,386. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,600/mo property income relative to a $3,671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Apartment

Built in 1963

N/A lot

$N/A/sqft

$1,572 monthly HOA

More details about the property

Spacious one-bedroom cond-op is designed for comfort and convenience. As you enter, you'll find a large foyer with a generous coat closet and plenty of room for dining area. The galley kitchen comes equipped with stainless steel appliances including dishwasher, microwave, refrigerator and a gas stove with ample of storage. The sizable bedroom, over 18 feet wide, easily accommodates a king-size bed and additional furniture or a workspace. Gracie Towne House provides a range of amenities and flexible living options. This full-service building includes a 24/7 doorman, subletting policy that allows for subletting from day one with no board interview required. It is pet-friendly and investor-friendly, with allowances for pied-a-terre and guarantors. Residents benefit from fitness center, a laundry room on each floor, additional storage options available for rent. The on-site valet garage and absence of flip tax further enhance convenience. The building is wired for Fios, Spectrum, and RCN. Located in the lively Yorkville neighborhood, Gracie Towne House is close to a variety of local attractions. Enjoy nearby green spaces like Carl Schurz Park and recreational facilities at Asphalt Green. The area also features cultural spots such as the 92nd Street Y and Gracie Mansion. Shopping is convenient with stores like Fairway and Whole Foods just around the corner. Yorkville offers a dynamic mix of urban amenities and charming local spots, making it a desirable place to live.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10128, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,000 (100%)
Owner Occupied HU	10,217 (30.0%)
Renter Occupied HU	20,689 (60.8%)
Vacant Housing Units	3,094 ( 9.1%)
Median Home Value	$1,343,678
Average Home Value	$1,415,704