448 W 37th St APT 6D, New York, NY, 10018 | 5.27% Rental Yield

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448 W 37th St APT 6D, New York, NY, 10018 | 5.27% Rental Yield | Ziffy

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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

Total monthly income runs $5,048/mo, and a $5,629/mo payment. Purchase price stands at $1,150,000, and rental yield measures 5.27% with $5,048/mo rent. Return on cash invested shows 8.78% in year one, and 5% annual appreciation builds toward $317,724 over five years. Five-year ROI reaches 44.86% and total cumulative return in cash records $167,145. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,048/mo property income covering a $5,629/mo payment rather than investor’s personal income.

Condo

Built in 1915

N/A lot

$N/A/sqft

$967 monthly HOA

More details about the property

*New to Market, Rarely Available Hudson Yards Loft* Residence 6D is a stunning, spacious loft in the trendy Hudson Yards neighborhood of Manhattan offers incredible city views, including the Empire State Building. With its rare availability, this loft boasts high ceilings, ample storage, and an open kitchen layout. 448 West 37th Street is a charming prewar condo building built in 1914, nestled in the heart of Hudson Yards. Located just five minutes from shopping, restaurants, prime office spaces, and the new 7 train station, this building offers unparalleled convenience. Residents can enjoy the stunning roof deck, a laundry room, and the services of a part-time doorman. It's the perfect blend of historic character and modern amenities in one of Manhattan's most sought-after neighborhoods. Capital assessment - $305.80 (expires 4/2025, planned for hallway renovation and improvements) Special assessment - $75.31 (expires 2029) Assessment - $68.50 (permanent)

Neighborhood Data

Neighborhood data shown for ZIP Code: 10018, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,545 (100%)
Owner Occupied HU	654 ( 7.7%)
Renter Occupied HU	6,006 (70.3%)
Vacant Housing Units	1,885 (22.1%)
Median Home Value	$976,266
Average Home Value	$1,244,179