50 Pine St APT 8S, New York, NY, 10005 | 9.02% Rental Yield

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50 Pine St APT 8S, New York, NY, 10005 | 9.02% 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 50 Pine St APT 8S, New York, NY, 10005 priced at $1,150,000 pairs $8,641/mo rent with after a $5,629/mo payment. Total monthly income equals $8,641/mo. Return on cash invested is 17.01% in year one, and rental yield stands at 9.02% on a $1,150,000 basis. Equity gained on principal adds $7,421/yr, and 5% annual appreciation accumulates to $317,724 by year five. Five-year ROI measures 90.21% and total cumulative return in cash reaches $336,105. For financing, Ziffy Mortgage’s DSCR program evaluates $8,641/mo property income against a $5,629/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1902

N/A lot

$N/A/sqft

$1,494 monthly HOA

More details about the property

Due to lack of TCO in the building, cash buyers only! Price reduction. The coolest apartment is now availablefor sale in the heart of the Financial District. This 2 bedroom /2 bathroom loft is the opposite of cookie-cutter! 50 Pine Street, apt 8S is a modern apartment with features including a king size bedroom with massive ensuite windowed bathroom, pass through open chef's kitchen with stainlesssteel appliances, spacious living room with6 oversized windows, washer/dryer in the apt, high ceiling height, central air conditioning and original hardwoodfloors throughout. The second bedroom wall has been taken down but can easily be put back up to create a guest bedroom, family kids room or home office. The full second bedroom is great for friends and guests. A massive storage cage is deeded with this sale. Enjoy South, West and East exposures in this special modern loft with pre-war details. 50 Pine Street is a boutique pre-war building built in 1902. There is key fob video entry, a super onsite Monday-Friday, and a massive basement with storage and bike cages. Live in the heart of the Financial District and be walking distance to the South Street Seaport, Whole Foods, World Trade Center, Battery Park City and conveniently located near the 1,2,3,4,5,6, A,C, R, W and Path trains. Also close to amazing nightlife and restaurants such as Nobu, Crown Shy, Saga, the Tin Building, The Fulton, Carne Mare, Dead Rabbit and many others!

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