520 W 23rd St APT 2H, Manhattan, NY, 10011 | $1,784/mo Cash Flow

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520 W 23rd St APT 2H, Manhattan, NY, 10011 | $1,784/mo Cash Flow | Ziffy

Off market

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 Manhattan at 520 W 23rd St APT 2H, Manhattan, NY, 10011 offers a 10.73% rental yield on a $789,300 purchase with $7,055/mo rent. Total monthly income registers $7,055/mo, and a $3,863/mo payment leaves $1,784/mo available for distribution. Annual cash flow reaches $21,413/yr on $259,680 to close, and return on cash invested stands at 28.31% in year one. Equity gained on principal adds $5,093/yr while 5% annual appreciation supports $218,069 over five years. Portfolio math shows five-year ROI at 148.49% and total cumulative return in cash at $385,592. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,055/mo property income against a $3,863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Apartment

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

One bedroom with Large terrace. Welcome to this quiet, sunny, oasis with its very own private terrace. This beautiful one bedroom with south and east exposure provides a tranquil environment in one of Manhattans most desirable neighborhoods, West Chelsea. Enjoy the very functional 10 x 14 south facing terrace, just in time for spring! Oak hardwood floors run throughout this great one bedroom layout. Enjoy the open kitchen with stainless steel appliances, granite counter tops, breakfast bar, and ample storage. The bathroom is over sized, and also provides for plenty of storage. There are three large closets throughout the apartment, all built out with custom organizational systems. The H line is the largest one bedroom layout in the Marais, a full-time doorman Condop building with garden, roof deck with panoramic Empire State and Hudson River views, common laundry room, and bicycle storage. The Marais is located in the booming West Chelsea district, adjacent to the Highline, and within blocks of Chelsea Piers, Chelsea Market, Hudson River Park. Please note that this Condop functions with Condo rules, no interview required for applicant.

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