








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in New York at 465 W 23rd St APT 16H, New York, NY, 10011 uses $192,465 cash to close to unlock $777/yr annual cash flow and $65/mo monthly cash flow. Total monthly income runs $5,656/mo, and a $2,863/mo payment keeps the spread at $65/mo. Purchase price stands at $585,000, and rental yield measures 11.6% with $5,656/mo rent. Return on cash invested shows 20.46% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 110.24% and total cumulative return in cash records $212,166. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,656/mo property income covering a $2,863/mo payment rather than investor’s personal income.
Condo
Built in 1932
N/A lot
$N/A/sqft
$1,685 monthly HOA
Neighborhood data shown for ZIP Code: 10011, New York, NY area.
| 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 |
Residential
32,777
Single Family
554
Multi-Family
32,223
Businesses
2,828
Date | Event | Price |
|---|---|---|
| 2025-01-09 | Listed for sale | $585,000 |
| 2020-02-20 | Listing removed | $1,000,000 |
| 2020-02-20 | Listed for sale | $1,000,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2019-02-13 | $3306888.00 | -6.81% | $34,548,772 | 7.54% |
| 2018-02-13 | $3548437.20 | N/A | $32,125,310 | -1.94% |
| 2017-02-13 | N/A | N/A | $32,761,288 | N/A |



Listed by: Juliana Frei • Brown Harris Stevens
Mls Name: StreetEasy
Mls ID: #S1748593