458 W 23rd St APT 1B, New York, NY, 10011 | 9.5% Rental Yield

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458 W 23rd St APT 1B, New York, NY, 10011 | 9.5% Rental Yield | 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

Rental property for sale in New York at 458 W 23rd St APT 1B, New York, NY, 10011 generates $5,262/mo in rent, after a $3,255/mo payment. Total monthly income is $5,262/mo. Return on cash invested sits at 17.5% in year one, and rental yield is 9.5% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 93.11% and total cumulative return in cash sums $203,707. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,262/mo property income rather than buyer’s personal income.

Condo

Built in 1900

N/A lot

$N/A/sqft

$1,288 monthly HOA

More details about the property

Sunny and cheerful 2nd floor one bedroom with grand 10'6 ceilings at historic Fitzroy Townhouses in Chelsea. A truly remarkable find with 3 over-sized south facing windows overlooking lush green gardens below. The gracious living room is a perfectly inviting space with exposed brick wall, a working fireplace and grand caned archway serving as a perfect centerpiece uniting the living room and open kitchen. This harmonized home is just the quiet retreat in one of Manhattans premier downtown neighborhoods. 458 West 23rd Street is a well maintained, pet friendly coop that is a part of the notable landmarked Fitzroy Townhouses. There is currently an assessment of $473 a month that runs through March of 2025 for boiler and window replacement. Residents enjoy easy access to Chelsea Piers, The Highline, Chelsea Market, galleries and the Hudson River Park.

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