646 9th Ave APT 3RN, New York, NY, 10036 | $155/mo Cash Flow

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646 9th Ave APT 3RN, New York, NY, 10036 | $155/mo Cash Flow | 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 646 9th Ave APT 3RN, New York, NY, 10036 uses $197,400 cash to close to unlock $1,860/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $4,544/mo, and a $2,937/mo payment keeps the spread at $155/mo. Purchase price stands at $600,000, and rental yield measures 9.09% with $4,544/mo rent. Return on cash invested shows 21% in year one, and 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 110.15% and total cumulative return in cash records $217,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,544/mo property income covering a $2,937/mo payment rather than investor’s personal income.

Condo

Built in 1850

N/A lot

$N/A/sqft

$382 monthly HOA

More details about the property

Welcome to 646 9th Ave, Apt 3RN, a beautifully renovated one-bedroom co-op located in the vibrant Hells Kitchen neighborhood. Thoughtfully updated by the current owner, this home seamlessly blends modern comforts with classic New York charm. Apartment Features: Recently Renovated: The owner has updated the apartment, enhancing its functionality and style. Historic Character: Exposed brick walls, high ceilings, a decorative fireplace, and hardwood floors add warmth and charm. Smart Layout: Designed for efficient space utilization, with custom built-in storage to keep everything organized. Building Amenities: Pet-Friendly & Well-Managed: Strong financials and additional revenue from storefront properties keep maintenance fees low. Modern Security: Updated entryway with a video intercom and virtual doorman for secure package delivery. Convenient Living: Residents enjoy dedicated basement storage, a private courtyard, and complimentary washer/dryer access. Rooftop Retreat: The renovated roof deck features stylish furnishings, perfect for relaxing or entertaining with breathtaking city views. Prime Location & Transportation: Just a few blocks from Broadway theaters, Hudson River Park, and top-rated dining, this apartment offers unparalleled access to Manhattans best attractions. Multiple subway lines (A, C, E, 1, 2, 3, 7, N, Q, R, W) are within walking distance, making commuting effortless. HDFC Co-op Requirements: This is an HDFC co-op with income limits set at 165% of the Area Median Income (AMI) for 2024: 1 person: $179,355 2 people: $205,095 3 people: $230,670 Schedule a Viewing: Dont miss this opportunity to own a stylishly renovated home in one of Manhattans most exciting neighborhoods. Contact us today to schedule a private showing!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10036, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,094 (100%)
Owner Occupied HU	1,821 ( 8.2%)
Renter Occupied HU	17,192 (77.8%)
Vacant Housing Units	3,081 (13.9%)
Median Home Value	$1,328,629
Average Home Value	$1,335,710