454 W 23rd St APT 1R, New York, NY, 10011 | $3,256/mo Cash Flow

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454 W 23rd St APT 1R, New York, NY, 10011 | $3,256/mo Cash Flow | 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

Investment property for sale in New York at 454 W 23rd St APT 1R, New York, NY, 10011 listed at $700,000 pairs $9,403/mo rent with a $3,426/mo payment to leave $3,256/mo cash flow. Total monthly income runs $9,403/mo, and annual cash flow reaches $39,068/yr on $230,300 cash to close. Return on cash invested measures 37.02% in year one, and rental yield registers 16.12% at a $700,000 basis. Equity gained on principal adds $4,517/yr, and annual property appreciation at 5% supports $193,397 by year five. Five-year ROI tracks 198.01% and total cumulative return in cash totals $456,028. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,403/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1900

N/A lot

$N/A/sqft

$1,473 monthly HOA

More details about the property

Currently set up as a very large studio with separate kitchen and laundry room. Wall of closets on one side, and high ceilings with recessed lighting. Beautiful wood floors. Large full bathroom with soaking tub. Spacious sun room with sliding glass doors leads to your private back yard, with mature trees, slate pavers, and a high fence for privacy. Perfect for out door dining and quiet enjoyment, as well as gardening. Washer / dryer permitted in unit! Pets permitted. Piede-a-terre allowed! 454 W 23rd St is a rare 22 foot wide, five story, walk up coop building located in the Chelsea Historic District Extension. Built in 1900. The building is in close proximity to the High Line, Chelsea Market, Chelsea Piers, and the Chelsea Art Gallery District. Incredible restaurants, shopping, galleries, theater, entertainment, and parks nearby, including the magnificent Hudson River Park and the Chelsea Waterside Park with manicured soccer fields, water park, and dog park. Transportation includes A, C, E and 1 trains, and crosstown buses on 23rd St.

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