427 Washington St APT 1W, New York, NY, 10013 | ROI: 3%

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Monthly Cash Flow: 1 - 3k+

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427 Washington St APT 1W, New York, NY, 10013 | ROI: 3% | 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 427 Washington St APT 1W, New York, NY, 10013 projects strong ROI of 3%. Rental yield 3.14%. With 5% annual appreciation, the property builds $884,101 in value over five years. Equity growth combined delivers a projected five-year ROI of 13.57%, translating into $140,718 in total cumulative return on $1,036,800 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

$2,011 monthly HOA

More details about the property

Introducing a rare opportunity to acquire a distinctive commercial property at 427 Washington Street #1W, located at the prestigious northeast corner of Vestry Street in Tribeca. This sought-after location places your business at the heart of one of Manhattan's most dynamic neighborhoods, known for its rich blend of historic architecture, high-end residences, and vibrant cultural scene. The offering includes 2,270 SF of ground-floor space with expansive frontage, providing unparalleled visibility and access. The space is open and versatile, with large windows that allow for an inviting street-level presence. In addition, the property features a **freight elevator**, **loading dock**, and **curb cut**, further enhancing accessibility and operational ease. The 1,000 SF lower level offers potential for creative use, allowing for a tailored layout to suit your business needs. Perfect for a wide range of commercial uses, this property provides exceptional flexibility, with the ability to customize the layout and finishes to your specifications. The area is home to an eclectic mix of established businesses, boutique shops, fine dining, and upscale residences, making it an ideal location for those seeking high foot traffic and a prestigious address. This is a rare opportunity to secure a significant presence in one of New York Citys most desirable neighborhoods. Whether youre looking to expand an existing business or launch a new venture, 427 Washington Street offers the perfect space to grow and thrive in Tribecas thriving commercial hub.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10013, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,765 (100%)
Owner Occupied HU	4,327 (25.8%)
Renter Occupied HU	9,733 (58.1%)
Vacant Housing Units	2,705 (16.1%)
Median Home Value	$2,000,001
Average Home Value	$1,809,651