410 W 24th St APT 2K, New York, NY, 10011 | 10.29% Rental Yield

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410 W 24th St APT 2K, New York, NY, 10011 | 10.29% Rental Yield | Ziffy

Recently Sold

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 410 W 24th St APT 2K, New York, NY, 10011 listed at $720,000 pairs $6,172/mo rent with a $3,524/mo payment. Total monthly income runs $6,172/mo. Return on cash invested measures 13.64% in year one, and rental yield registers 10.29% at a $720,000 basis. Equity gained on principal adds $4,646/yr, and annual property appreciation at 5% supports $198,923 by year five. Five-year ROI tracks 74.67% and total cumulative return in cash totals $176,887. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,172/mo property income relative to a $3,524/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1932

N/A lot

$N/A/sqft

$2,631 monthly HOA

More details about the property

Welcome to this charming pre-war coop nestled in the vibrant Chelsea neighborhood at 410 West 24th Street, Unit 2K. This delightful one-bedroom residence boasts a generous three-room layout, designed for both comfort and style. As you enter, you'll be greeted by high ceilings and beautiful hardwood floors, which create a warm and inviting atmosphere. The north-facing exposure offers lovely views of the lively streets below, enhancing the home's quintessential urban charm. Enjoy the convenience of a separate kitchen, making meal prep a breeze, while the living room provides ample space for dining and entertaining. With a full-time doorman and elevator access, you'll have peace of mind and convenience at every turn. Need a breath of fresh air? Head up to the roof deck for sweeping views of the Chelsea skyline. For those with pets, this pet-friendly building has no restrictions, welcoming your furry companions with open arms. Located in the heart of Chelsea, you'll be surrounded by artistic and cultural landmarks, such as the renowned High Line park and Chelsea Market. Commuting is a snap with easy access to public transportation and a plethora of dining, shopping, and entertainment options just a short walk away. With its prime location, historical charm, and modern amenities, this coop is an exceptional choice for those seeking a vibrant New York City lifestyle. Don't miss out on the chance to call this stunning unit your new home. Contact me today to schedule a showing and experience all that this fabulous Chelsea residence has to offer!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

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