62 W 87th St APT 2R, New York, NY, 10024 | 6.16% Rental Yield

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62 W 87th St APT 2R, New York, NY, 10024 | 6.16% 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 87th St APT 2R, New York, NY, 10024 listed at $795,000 pairs $4,081/mo rent with a $3,891/mo payment. Total monthly income runs $4,081/mo. Return on cash invested measures 4.88% in year one, and rental yield registers 6.16% at a $795,000 basis. Equity gained on principal adds $5,130/yr, and annual property appreciation at 5% supports $219,644 by year five. Five-year ROI tracks 26.33% and total cumulative return in cash totals $68,878. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,081/mo property income relative to a $3,891/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1910

N/A lot

$N/A/sqft

$2,081 monthly HOA

More details about the property

This sponsor unit is a great 1 bed 1 bath with private outdoor space. The charming prewar brownstone is located on 87th Street between Central Park West and Columbus Avenue. The kitchen and bathroom are fully renovated and never before lived-in. There's a washer/dryer in unit, exposed brick, and a working fireplace adding character and warmth to the space. Very desirable location with close proximity to cultural institutions and multiple means of public transportation.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10024, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,255 (100%)
Owner Occupied HU	10,791 (31.5%)
Renter Occupied HU	19,161 (55.9%)
Vacant Housing Units	4,303 (12.6%)
Median Home Value	$1,690,841
Average Home Value	$1,553,022