60 Gramercy Park N #LOFT1New YorkNY10010
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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
Investment Highlights
Rental property for sale in New York at 60 Gramercy Park N #LOFT1, New York, NY, 10010 offers $6,341/mo rent that, after a $1,953/mo payment, leaves $2,828/mo cash flow. Total monthly income is $6,341/mo, and annual cash flow is $33,941/yr on $132,269 cash. Return on cash invested measures 45.57% in year one, and rental yield stands at 19.07% at a $399,000 entry. Equity gained on principal adds $2,575/yr while 5% annual appreciation compounds into $110,236 by year five. Five-year ROI records 243.89% and total cumulative return in cash reaches $322,586. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,341/mo property income versus a $1,953/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1928
N/A lot
$N/A/sqft
$848 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10010, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,835 (100%) |
| Owner Occupied HU | 4,675 (23.6%) |
| Renter Occupied HU | 12,977 (65.4%) |
| Vacant Housing Units | 2,183 (11.0%) |
| Median Home Value | $1,076,308 |
| Average Home Value | $1,205,915 |
Housing Distribution
Address Breakdown
Residential
19,396
Single Family
111
Multi-Family
19,285
Businesses
2,475
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