60 Sutton Pl S APT 7FS, New York, NY, 10022 | 8.6% Rental Yield

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60 Sutton Pl S APT 7FS, New York, NY, 10022 | 8.6% 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

Rental property for sale in New York at 60 Sutton Pl S APT 7FS, New York, NY, 10022 offers $5,123/mo rent that, after a $3,500/mo payment. Total monthly income is $5,123/mo. Return on cash invested measures 12.87% in year one, and rental yield stands at 8.6% at a $715,000 entry. Equity gained on principal adds $4,614/yr while 5% annual appreciation compounds into $197,541 by year five. Five-year ROI records 68.94% and total cumulative return in cash reaches $162,165. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,123/mo property income versus a $3,500/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1952

N/A lot

$N/A/sqft

$1,758 monthly HOA

More details about the property

Sunny and spacious one bedroom home in Sutton Place's best post-war building. This pristine, seldom occupied pied-a-terre has been meticulously maintained and features custom built-in cabinetry providing abundant and thoughtful storage space. Both the living room and large bedroom feature over-sized windows. The balcony that runs the length of the apartment offers a beautiful view of the East River and the Queensboro Bridge, as enticing at night as it is at sunrise. The kitchen and bathroom have the highest quality fixtures and appliances. The apartment is available unfurnished or furnished (furnished price upon request). 60 Sutton Place South, designed by Arthur Wiser in 1952, is a full-service cooperative renowned for its exceptional staff, including 24-hour doormen and concierge, as well as a resident manager. Amenities include a fitness center, bike storage, in-house valet service, and an underground garage offering discounted rates to tenants. Pets and pied-a-terres welcome. 70% financing permitted. Sutton Place is a charming, highly desirable neighborhood replete with some of the city's finest luxury buildings and townhouses. Excellent restaurants, food markets (Whole Foods, Trader Joe's, Morton Williams), and general shopping make it a very livable community. And easy access to the FDR Drive, the Queensboro Bridge, and Midtown Tunnel allows quick escapes for those going to Long Island and Connecticut.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10022, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,279 (100%)
Owner Occupied HU	11,002 (40.3%)
Renter Occupied HU	11,015 (40.4%)
Vacant Housing Units	5,262 (19.3%)
Median Home Value	$1,223,949
Average Home Value	$1,331,078