50 Pine St APT 2, New York, NY, 10005 | ROI: 6.93%

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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50 Pine St APT 2, New York, NY, 10005 | ROI: 6.93% | 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 Pine St APT 2, New York, NY, 10005 projects strong ROI of 6.93%. Rental yield 3.66%. With 5% annual appreciation, the property builds $603,675 in value over five years. Equity growth combined delivers a projected five-year ROI of 33.82%, translating into $239,422 in total cumulative return on $707,940 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.

Condo

Built in 1902

N/A lot

$N/A/sqft

No HOA

More details about the property

Iconic Full-Floor Loft with Prewar Character and Endless Possibilities This expansive three-bedroom, three-bathroom loft spans an entire floor and boasts soaring 12+ ceilings, classic prewar details, and oversized windows facing north, south, and east. Currently configured as a live/work space, the open layout is entirely free of interior structural walls, allowing for remarkable design flexibility to create your dream home. Built in 1902, 50 Pine Street is a boutique keyed-elevator condominium that showcases the enduring craftsmanship of the prewar era. The buildings architectural highlights include a two-story granite base, a barrel-vaulted lobby, and inlaid terra cotta flat arch construction between floors, thoughtfully designed to minimize noise. Residents enjoy the convenience of a part-time doorman, daily visiting superintendent, and video intercom security system. Perfectly situated in the Financial District, the building is surrounded by excellent dining, shopping, and cultural destinations, with effortless access to the 2, 3, 4, 5, 6, N, R, E, M, and F subway lines. Pets are welcome. Note: A 16-month assessment of $1,119/month for Local Law 11 is in effect through September 2026.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10005, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,939 (100%)
Owner Occupied HU	858 (12.4%)
Renter Occupied HU	4,911 (70.8%)
Vacant Housing Units	1,170 (16.9%)
Median Home Value	$1,555,556
Average Home Value	$1,549,382