425 W 24th St APT 1E, New York, NY, 10011 | $2,435/mo Cash Flow

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425 W 24th St APT 1E, New York, NY, 10011 | $2,435/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

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 425 W 24th St APT 1E, New York, NY, 10011 earns $2,435/mo cash flow from $9,046/mo rent with a $4,846/mo payment. Total monthly income totals $9,046/mo, and annual cash flow totals $29,214/yr on $325,710 capital. ROI tracks 29.03% on current figures, and rental yield reads 10.96% at a $990,000 purchase. Equity gained on principal adds $6,388/yr, and 5% annual appreciation supports $273,519 over five years. Five-year ROI reaches 152.36% and total cumulative return in cash sums $496,256. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $9,046/mo property income instead of your personal income.

Condo

Built in 1900

N/A lot

$N/A/sqft

No HOA

More details about the property

Tenant in place, OH by Appt. Experience refined living at its best in this beautifully appointed two-bedroom, two-bathroom duplex, perfectly situated on a picturesque tree-lined block in the heart of West Chelsea. This residence seamlessly combines timeless prewar charm with modern upgrades, offering a serene retreat in one of Manhattans most sought-after neighborhoods. Upon entry, the inviting living room sets an elegant tone with classic crown molding, rich hardwood floors, and a graceful fireplacean ideal setting for both relaxed evenings and intimate gatherings. The windowed eat-in kitchen is thoughtfully designed for both form and function, featuring top-tier appliances, abundant cabinetry, and generous counter space to inspire every culinary creation. The homes smart layout provides excellent storage with custom closets, while oversized windows flood the interiors with natural light, creating an atmosphere of warmth and comfort. Located within the established 425 West 24th Street co-op, residents enjoy the convenience of a live-in superintendent, video security, and on-site laundry facilities. The building welcomes pets, pieds--terre, and co-purchasers, making it as flexible as it is desirable.

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