408 8th Ave APT 8B, New York, NY, 10001 | 8.43% Rental Yield

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408 8th Ave APT 8B, New York, NY, 10001 | 8.43% 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

Investment property for sale in New York at 408 8th Ave APT 8B, New York, NY, 10001 offers a 8.43% rental yield on a $625,000 purchase with $4,393/mo rent. 17% in year one. Equity gained on principal adds $4,033/yr while 5% annual appreciation supports $172,676 over five years. Portfolio math shows five-year ROI at 95.3% and total cumulative return in cash at $195,961. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,393/mo property income against a $3,059/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1986

N/A lot

$N/A/sqft

$543 monthly HOA

More details about the property

Sleek and Sophisticated Studio in the Heart of Midtown South Experience the epitome of Manhattan living in this luminous studio at 408 8th Ave, Apartment 8B. Perched on the 8th floor, this refined residence offers a seamless blend of modern elegance, comfort, and prime location in one of the citys most dynamic neighborhoods. Residence Features: Sun-Drenched Interiors: Bathed in natural light from Western-facing windows, the space glows with warmth and radiance, creating an inviting and serene ambiance. Smart, Stylish Layout: Thoughtfully designed to maximize both functionality and style, this studio features a sleek kitchen equipped with dishwasher. Building Amenities: Full-Time Doorman: Enjoy 24/7 security and concierge service, providing both peace of mind and convenience. On-Site Laundry: Effortless access to in-building laundry facilities, making daily living stress-free. Exceptional Location: Unparalleled Connectivity: Situated directly across from Moynihan Train Hall, youll have instant access to Amtrak, LIRR, and subway lines A, C, E, and 1, 2, 3perfect for seamless city commuting. Entertainment & Culture at Your Doorstep: Madison Square Garden a stones throw away, offering world-class sports and entertainment. Moments from Hudson Yards: Just two blocks from Hudson Yards and the scenic Hudson River esplanade, where you can indulge in upscale shopping, fine dining, and tranquil waterfront strolls. Your Midtown Sanctuary Awaits More than just a residence, this impeccably located studio offers an elevated lifestyle with unmatched access to Manhattans best. Whether youre seeking a vibrant city base or a sophisticated pied--terre, this Midtown gem delivers on every level.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10001, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,863 (100%)
Owner Occupied HU	3,468 (17.5%)
Renter Occupied HU	13,783 (69.4%)
Vacant Housing Units	2,612 (13.2%)
Median Home Value	$797,546
Average Home Value	$997,143