50 Lexington Ave APT 16E, New York, NY, 10010 | 5.28% Rental Yield

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50 Lexington Ave APT 16E, New York, NY, 10010 | 5.28% 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

Investment property for sale in New York at 50 Lexington Ave APT 16E, New York, NY, 10010 offers a 5.28% rental yield on a $845,000 purchase with $3,718/mo rent. 75% in year one. Equity gained on principal adds $5,453/yr while 5% annual appreciation supports $233,458 over five years. Portfolio math shows five-year ROI at 59.72% and total cumulative return in cash at $166,020. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,718/mo property income against a $4,136/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1987

N/A lot

$N/A/sqft

No HOA

More details about the property

Oversized one-bedroom, two-bath residence offering approximately 952 square feet of beautifully proportioned living space with a large balcony and sliver view of Gramercy Park. Sun-filled eastern exposures and beautiful city views. The home features a large open living and dining area, a generous primary suite with oversized closet, and an updated galley kitchen with pass-throughperfect for effortless entertaining. This apartments needs a renovation. Currently wall up in the living area to create a second bedroom. 50 Lexington is a full-service luxury condop perfectly positioned at the crossroads of NoMad and Flatiron. Completed in 1987, this 27-story residence offers over 180 apartments and features a spectacular rooftop terrace with panoramic city views, sauna, fitness center, and 24-hour doorman. Live-in super, on-site laundry, and proximity to Madison Square Park, premier dining, shopping, and nightlife. Convenient access to the 6, N, and R subway lines ensures effortless city living. Flexible purchasing and subletting policies with board approval.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10010, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,835 (100%)
Owner Occupied HU	4,675 (23.6%)
Renter Occupied HU	12,977 (65.4%)
Vacant Housing Units	2,183 (11.0%)
Median Home Value	$1,076,308
Average Home Value	$1,205,915