54 W 74th St APT 311, New York, NY, 10023 | 7.22% Rental Yield

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54 W 74th St APT 311, New York, NY, 10023 | 7.22% Rental Yield | 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 54 W 74th St APT 311, New York, NY, 10023 offers a 7.22% rental yield on a $799,000 purchase with $4,810/mo rent. 83% in year one. Equity gained on principal adds $5,156/yr while 5% annual appreciation supports $220,749 over five years. Portfolio math shows five-year ROI at 72.23% and total cumulative return in cash at $189,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,810/mo property income against a $3,911/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1920

N/A lot

$N/A/sqft

$840 monthly HOA

More details about the property

Showing by Open House Only until April 2nd. The feel of a downtown loft located in the very heart of the Upper West Side.Welcome to The Forum Condominium, a historic and gorgeous pre-war boutique condo building on a charming tree lined street, located half a street block away from Central Park. The apartment includes over 11 foot ceilings, a separate gorgeous renovated chefs kitchen with plenty of cabinet space, newly tiled bathroom, original hardwood floors, and great rows of amazing closets and storage throughout. The generous living area has beautiful oak floors and two extra-large picture windows facing south, allowing plenty of natural light to flood the apartment, which flows to the sleeping area. There is ample room to add a dining table for entertaining as well as a home office. The second separate sleeping area is large enough to rival the largest bedrooms, and easy room for a king size bed, full dresser and sitting area. Conveniently located among all that the Upper West Side has to offer with all the UWS subway stops nearby including the B, C, 1, 2 & 3 lines and the cross-town bus to the East Side. Local and world-famous restaurants and shops, green spaces abound, and short way from the famed Natural History Museum and Planetarium. New upgrades include a new gas line throughout the building . There is also a part time doorman for convenience and packages, as well as a live in super and laundry room in building.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10023, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	44,765 (100%)
Owner Occupied HU	13,628 (30.4%)
Renter Occupied HU	23,478 (52.4%)
Vacant Housing Units	7,659 (17.1%)
Median Home Value	$1,614,455
Average Home Value	$1,528,815