420 E 51st St APT 10G, New York, NY, 10022 | 11.83% Rental Yield

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420 E 51st St APT 10G, New York, NY, 10022 | 11.83% Rental Yield | 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

Total monthly income runs $4,415/mo, and a $2,193/mo payment. Purchase price stands at $448,000, and rental yield measures 11.83% with $4,415/mo rent. Return on cash invested shows 3.99% in year one, and 5% annual appreciation builds toward $123,774 over five years. Five-year ROI reaches 28.09% and total cumulative return in cash records $41,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,415/mo property income covering a $2,193/mo payment rather than investor’s personal income.

Condo

Built in 1962

N/A lot

$N/A/sqft

$3,393 monthly HOA

More details about the property

Must see this spacious, convertible 2 bedroom property. It is in mint condition with lovely light all day overlooking a series of townhouses on a beautiful tree lined block in prestigious Beekman Place. The apartment features a beautifully renovated chef's kitchen creating an open layout with spacious living space and abundant storage. Enter the foyer, lined with closets, to your living/dining area. The primary bedroom is generously sized with ample storage, the second bedroom/den is windowed with wonderful light and space. The renovated bath features a beautiful spa shower and large tiles. Located between Beekman Place and 1st Avenue, with direct access to Peter Detmold Park and the East River. Beekman Hill is an impeccably maintained Cooperative built in 1962. The double height, newly renovated lobby is highlighted by a stunning marble floor. The many amenities include a beautifully landscaped roof deck with sweeping city and river views, 24 Hour uniformed doorman, refrigerated grocery storage, beautifully renovated hallways and building wide hi-speed fiber optic internet a lovely gym and attached garage. The building is pet friendly, with a pet wash station in the basement. Pied -a-terres allowed. 420 Beekman Hill is a land lease cooperative which expires in 2070 providing the best value in Manhattan for the discerning buyer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10022, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,279 (100%)
Owner Occupied HU	11,002 (40.3%)
Renter Occupied HU	11,015 (40.4%)
Vacant Housing Units	5,262 (19.3%)
Median Home Value	$1,223,949
Average Home Value	$1,331,078