470 W 24th St APT 6A, New York, NY, 10011 | 5.92% Rental Yield

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470 W 24th St APT 6A, New York, NY, 10011 | 5.92% Rental Yield | 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

Rental property for sale in New York at 470 W 24th St APT 6A, New York, NY, 10011 generates $5,400/mo in rent, after a $5,359/mo payment. Total monthly income is $5,400/mo. Return on cash invested sits at 4.87% in year one, and rental yield is 5.92% on a $1,095,000 entry. Equity gained on principal adds $7,066/yr, while 5% annual appreciation builds toward $302,528 over five years. Five-year ROI reaches 26.03% and total cumulative return in cash sums $92,362. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

$2,671 monthly HOA

More details about the property

Elegant Prewar Charm Meets Thoughtful Modern Upgrades Welcome to this beautifully reimagined, oversized one-bedroom residence in a coveted full-service London Terrace. With an ideal blend of classic prewar detail and sophisticated modern updates, this home delivers both comfort and style in one of Manhattans most desirable neighborhoods. The gracious entry gallery leads to an expansive living and dining room framed by high beamed ceilings, custom millwork, and rich hardwood floors. A cleverly designed home officeoffers a perfect work-from-home setup, complete with built-in cabinetry and lighting. The serene, king-size bedroom features large windows with a peek of The Highline, and professionally outfitted Elfa closets. The renovated windowed kitchen boasts sleek, new appliances and abundant cabinetry, while the newly skim-coated walls, fresh paint, and updated hardware throughout elevate the overall aesthetic. Additional highlights include: Upgraded electrical throughout the apartment Custom millwork in the hallway and living area Refinished dark hardwood floors Elegant lighting and designer finishes Generous closet space with built-ins Prewar scale and proportions with modern infrastructure All located in a meticulously maintained building with a 24-hour doorman, live-in superintendent, and central laundry. This is an exceptional opportunity to own a truly turnkey home with character, convenience, and enduring value.

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