407 Park Ave S APT 11F, New York, NY, 10016 | 10.9% Rental Yield

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407 Park Ave S APT 11F, New York, NY, 10016 | 10.9% 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

Total monthly income runs $6,132/mo, and a $3,304/mo payment. Purchase price stands at $675,000, and rental yield measures 10.9% with $6,132/mo rent. Return on cash invested shows 19.51% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 104.72% and total cumulative return in cash records $232,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,132/mo property income covering a $3,304/mo payment rather than investor’s personal income.

Condo

Built in 1984

N/A lot

$N/A/sqft

$1,726 monthly HOA

More details about the property

Welcome to 407 Park Avenue South, Unit 11F in the heart of the dynamic NoMad neighborhood. This beautiful coop unit is located in a post-war building and is situated on the 11th floor of a 27-story building. The inviting interior of this home features one bedroom and one bathroom, offering gracious living with a focus on practicality. The spacious kitchen is designed for both cooking and socializing, providing maximum functionality. The bathroom exudes luxury with gleaming marble details, and the entire home is adorned with plush carpeting. Large noise-reducing windows flood the space with natural light and offer stunning city views from the west. Storage is plentiful with ample closet space, and pets are welcome in this building. Additional features include a serene courtyard and a rooftop deck for enjoying the outdoors. The full-time doorman provides a welcoming and safe environment 24/7. The lobby and hallways are currently undergoing renovations and are set to be transformed into a stunning space to come home to! This NoMad neighborhood is bustling with eateries, galleries, shops, and nightlife, making it a highly desirable address in Manhattan. Don't miss out on this unique opportunity - schedule your personal tour today. Make 407 Park Avenue South, Unit 11F your new home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032