62 W 62nd St APT 10C, New York, NY, 10023 | 6.92% Rental Yield

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62 W 62nd St APT 10C, New York, NY, 10023 | 6.92% 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 62 W 62nd St APT 10C, New York, NY, 10023 earns from $5,274/mo rent with a $4,478/mo payment. Total monthly income totals $5,274/mo. ROI tracks 16.73% on current figures, and rental yield reads 6.92% at a $915,000 purchase. Equity gained on principal adds $5,904/yr, and 5% annual appreciation supports $252,798 over five years. Five-year ROI reaches 86.41% and total cumulative return in cash sums $260,117. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,274/mo property income instead of your personal income.

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 62 West 62nd Street, a prime real estate opportunity located in the heart of New York City. This spacious studio apartment, situated in the esteemed Allegro building, offers 525 square feet of well-designed living space. The unit boasts an open layout that can easily be converted into a one-bedroom, providing flexibility to suit your lifestyle needs. Upon entering, you will be greeted by an abundance of natural light, highlighting the apartment's generous closet space and well-maintained interiors. The large windows offer an impressive view of uptown Manhattan, including a direct sightline to the iconic Hotel Empire sign, ensuring a quintessential New York experience. The Allegro is ideally positioned just steps away from Columbus Circle and Central Park, placing you in the vibrant Upper West Side neighborhood. This location offers unparalleled access to cultural landmarks, dining, and shopping, making it a coveted address for those seeking convenience and a dynamic urban lifestyle.

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