429 W 24th St APT 1C, New York, NY, 10011 | $2,883/mo Cash Flow

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429 W 24th St APT 1C, New York, NY, 10011 | $2,883/mo Cash Flow | 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 429 W 24th St APT 1C, New York, NY, 10011 listed at $899,000 pairs $8,886/mo rent with a $4,400/mo payment to leave $2,883/mo cash flow. Total monthly income runs $8,886/mo, and annual cash flow reaches $34,593/yr on $295,771 cash to close. Return on cash invested measures 31.76% in year one, and rental yield registers 11.86% at a $899,000 basis. Equity gained on principal adds $5,801/yr, and annual property appreciation at 5% supports $248,377 by year five. Five-year ROI tracks 166.98% and total cumulative return in cash totals $493,882. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $8,886/mo property income relative to a $4,400/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1920

N/A lot

$N/A/sqft

No HOA

More details about the property

Come quickly to 429 W 24th Street 1C, a (duplex) two bed, two bath prewar coop with a decorative fireplace and the NICE PRICE of under $900k! Everything here has been renovated. Come see the wood floors, high ceilings, tall closets, gorgeous fieldstone fireplace, and the granite, tile and stainless steel kitchen with a dishwasher. You'll find a charming clawfoot tub upstairs and a beautiful, glass and tile, walk-in shower below. Accessed by a spiral stairway, the lower level bedrooms are separate and quiet. The excellent, three-building coop is financially strong, has recently renovated entrances, hallways and elevators, and has laundry in each building with the live-in super just down the hall. The prime West Chelsea location offers easy access to Hudson Yards and Chelsea Market/Google, the Hudson River Promenade, 23rd Street dog park and Chelsea Piers. 429 W 24th Street 1C has a Gristedes on the corner and Whole Foods two blocks away. The prime location is at the nexus of the best restaurants, retail, gyms, nightlife and the art world. To top it off, this coop is pet friendly, considers co-purchasing and pieds a terre, has no flip tax, and allows unlimited subletting after two years of ownership. Reach out now to the exclusive agent for a private viewing and you can be in your new home by the New Year.

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