61 W 62nd St APT 17L, New York, NY, 10023 | 9.17% Rental Yield

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61 W 62nd St APT 17L, New York, NY, 10023 | 9.17% 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 17L, New York, NY, 10023 generates $6,228/mo in rent, after a $3,989/mo payment. Total monthly income is $6,228/mo. Return on cash invested sits at 12.17% in year one, and rental yield is 9.17% on a $815,000 entry. Equity gained on principal adds $5,259/yr, while 5% annual appreciation builds toward $225,169 over five years. Five-year ROI reaches 66.08% and total cumulative return in cash sums $177,193. 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

$2,549 monthly HOA

More details about the property

Welcome to your dream home, perfectly situated in the heart of the city with unrivaled views over the iconic Lincoln Center! This stunning, totally renovated residence is truly move-in ready! Step into the expansive living space and immediately feel at home with oversized windows that frame breathtaking western views, offering glimpses of the Hudson River and spectacular sunsets. The pass-through kitchen is a chef's delight, featuring sleek stainless steel appliances, quartz countertops, and a breakfast bar for casual dining. The renovated bathroom exudes modern elegance, while numerous closets provide ample storage space throughout the home. The spacious bedroom is a peaceful retreat, boasting two large closets and an abundance of natural light. The alcove off the entry provides the perfect spot for a dining table. Beautiful plank floors have been added throughout the unit, and both A/C unit have also been replaced. The Harmony is a full-service coop with a large resident's lounge, children's playroom, bike and private storage and laundry room. Pets, pied a terres and co-purchases are allowed. Located right near Central Park, Columbus Circle, Lincoln Center, numerous subway lines, top notch shopping and dining at Time Warner Center, the location is second to none! Contact us to see this truly wonderful home!

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