61 W 62nd St APT 12F, New York, NY, 10023 | 9.06% Rental Yield

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61 W 62nd St APT 12F, New York, NY, 10023 | 9.06% 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 61 W 62nd St APT 12F, New York, NY, 10023 generates $6,228/mo in rent, after a $4,038/mo payment. Total monthly income is $6,228/mo. Return on cash invested sits at 12.88% in year one, and rental yield is 9.06% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 69.51% and total cumulative return in cash sums $188,673. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,228/mo property income rather than buyer’s personal income.

Condo

Built in 1981

N/A lot

$N/A/sqft

$2,343 monthly HOA

More details about the property

Welcome to Residence 12F at The Harmony a spacious and elegantly appointed one-bedroom home in a highly sought-after, impeccably managed cooperative on West 62nd Street. This meticulously maintained residence features rich hardwood floors and crown molding throughout. The southern exposure fills the home with incredible natural light, creating a warm and inviting atmosphere the moment you enter. The beautifully designed kitchen, located just off the foyer, boasts 42-inch cabinetry, granite countertops, and a stainless-steel appliance package. Features include an oversized living room with dining area, spacious bedroom with custom-fitted walk-in closet, modern bath with neutral custom tile, a floating vanity, and a walk-in shower. This home exudes functionality and timeless charm with a touch of elegance and sophistication. The Harmony is a full-service luxury cooperative offering a 24-hour doorman, concierge services, valet dry cleaning, a live-in superintendent, a childrens playroom, a residents lounge, and bike storage. Perfectly positioned across from Lincoln Center, the building places you a stones throw from world-class cultural landmarks like The Metropolitan Opera and Juilliard, with Central Park just a block away. Columbus Circle, featuring Whole Foods, high-end shopping, and top dining destinations, is also nearby. Convenient access to the 1/2/A/B/C/D subway lines and cross-town buses ensures effortless travel across the city. With exceptional amenities and an unbeatable location, The Harmony offers the perfect balance of convenience and style. Pets and pied--terres are welcome.

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