520 W 23rd St APT 9E, New York, NY, 10011 | 10.77% Rental Yield

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520 W 23rd St APT 9E, New York, NY, 10011 | 10.77% 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 9E, New York, NY, 10011 earns from $6,240/mo rent with a $3,402/mo payment. Total monthly income totals $6,240/mo. ROI tracks 17.07% on current figures, and rental yield reads 10.77% at a $695,000 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 over five years. Five-year ROI reaches 92.36% and total cumulative return in cash sums $211,194. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,240/mo property income instead of your personal income.

Apartment

Built in 2003

N/A lot

$N/A/sqft

$2,168 monthly HOA

More details about the property

Your Windows to the High Line Await! Grab your slice of the Chelsea Arts District with this beautifully updated, one bedroom/one bathroom condop with Northeast exposure. This spacious, charming gem features expansive north-facing windows that flood both the living room and bedroom with natural light, new 4-inch white oak flooring runs throughout the entire unit. Oversized closets in the bedroom offer tons of storage space. The kitchen is equipped with new Calacatta Bella Quartz countertops, updated cabinets and stainless steel appliances, including new LG refrigerator. The renovated bathroom is adorned with tumbled marble. The Marais is a pet-friendly building that offers the flexibility of condominium living with no board approval required for sub-letting or re-sales. Residents enjoy a range of amenities, including a beautifully landscaped rear garden and a rooftop terrace that boasts stunning panoramic views of the Hudson River and the High Line. Additional conveniences include a bike room and an on-site laundry facility. This full-service building, complete with a 24-hour doorperson, is ideally located just steps away from Chelsea's finest galleries, the Chelsea dog park, Chelsea Piers, and the vibrant downtown scene.

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