








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 501 3rd Ave #23E, New York, NY, 10016 earns from $6,623/mo rent with a $7,929/mo payment. Total monthly income totals $6,623/mo. ROI tracks 7.49% on current figures, and rental yield reads 4.91% at a $1,620,000 purchase. Equity gained on principal adds $10,454/yr, and 5% annual appreciation supports $447,576 over five years. Five-year ROI reaches 38.01% and total cumulative return in cash sums $199,506. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,623/mo property income instead of your personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$1,437 monthly HOA
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 41,052 (100%) |
| Owner Occupied HU | 8,730 (21.3%) |
| Renter Occupied HU | 26,763 (65.2%) |
| Vacant Housing Units | 5,559 (13.5%) |
| Median Home Value | $1,031,364 |
| Average Home Value | $1,209,032 |
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Listed for sale | $1,620,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $17858.00 | 2.26% | $145,624 | 2.44% |
| 2023-04-21 | $17463.00 | N/A | $142,150 | N/A |



Listed by: Eastlight Sales Office • CORE
Mls Name: StreetEasy
Mls ID: #S1766565