520 W 23rd St APT 8B, New York, NY, 10011 | Equity Gain $7,421/yr

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520 W 23rd St APT 8B, New York, NY, 10011 | Equity Gain $7,421/yr | 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 520 W 23rd St APT 8B, New York, NY, 10011 offers a 4.51% rental yield on a $1,150,000 purchase with $4,322/mo rent. 65% in year one. Equity gained on principal adds $7,421/yr while 5% annual appreciation supports $317,724 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,322/mo property income against a $5,629/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2003

N/A lot

$N/A/sqft

$3,170 monthly HOA

More details about the property

Two-bedroom, two-bathroom apartment with beautiful wood floors and south-facing balcony overlooking a garden and High Line Park. The open kitchen has granite counter tops and stainless steel appliances, and the master bath features a new soaking Jacuzzi tub. The apartment also includes an in-unit washer/dryer, tons of closet space throughout, and central heating and air conditioning. Building is directly next to/above High Line Park. The Marais is an investor-friendly condop that allows unlimited subletting from day one. Unlike many coop buildings, there is no board approval required and pied-a-terres and 1031 exchanges are allowed. Amenities include bike storage, a landscaped courtyard, and a rooftop terrace with beautiful Hudson River and NYC skyline views. There is a live-in super, a full time doorman, and pets are welcome.

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