








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in New York at 405 W 23rd St APT 3B, New York, NY, 10011 uses $228,655 cash to close to unlock $35,191/yr annual cash flow and $2,933/mo monthly cash flow. Total monthly income runs $9,409/mo, and a $3,402/mo payment keeps the spread at $2,933/mo. Purchase price stands at $695,000, and rental yield measures 16.25% with $9,409/mo rent. Return on cash invested shows 35.45% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 190.29% and total cumulative return in cash records $435,102. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $9,409/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Condo
Built in 1932
N/A lot
$N/A/sqft
$1,835 monthly HOA
Neighborhood data shown for ZIP Code: 10011, New York, NY area.
| 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 |
Residential
32,777
Single Family
554
Multi-Family
32,223
Businesses
2,828
Date | Event | Price |
|---|---|---|
| 2024-09-18 | Listed for sale | $695,000 |
| 2014-03-01 | Sold | $540,000 |
| 2012-08-12 | Sold | $389,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2019-10-15 | $4010385.00 | -6.97% | $41,932,328 | 7.63% |
| 2018-10-15 | $4310780.00 | N/A | $38,959,392 | -1.96% |
| 2017-10-15 | N/A | N/A | $39,739,564 | N/A |



Listed by: Susan Green - Licensed Associate Real Estate Broker • Compass
Mls Name: StreetEasy
Mls ID: #1735551