520 W 23rd St APT 10E, New York, NY, 10011 | 9.33% Rental Yield

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520 W 23rd St APT 10E, New York, NY, 10011 | 9.33% 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

Investment property for sale in New York at 520 W 23rd St APT 10E, New York, NY, 10011 listed at $735,000 pairs $5,714/mo rent with a $3,597/mo payment. Total monthly income runs $5,714/mo. Return on cash invested measures 12.98% in year one, and rental yield registers 9.33% at a $735,000 basis. Equity gained on principal adds $4,743/yr, and annual property appreciation at 5% supports $203,067 by year five. Five-year ROI tracks 70.3% and total cumulative return in cash totals $169,992. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,714/mo property income relative to a $3,597/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2003

N/A lot

$N/A/sqft

$2,234 monthly HOA

More details about the property

Welcome home to 10E, at The Marais, 520 West 23rd Street, in West Chelsea, an unbeatable location with views of the High Line. This well sized one bedroom, newly renovated, and is located on the tenth floor with open views to the North overlooking the High Line and beyond. This bright residence features oversized windows, stainless steel appliances, hardwood floors throughout and abundant closet space. The Marais is a full service building with a full-time doorman, laundry room, bike room, garden, courtyard and a roof deck with stunning views. The building is conveniently situated on 23rd Street in close proximity to great restaurants, shops, art galleries, and so much more!

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