65 Nassau St APT 7B, New York, NY, 10038 | 11.99% Rental Yield

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65 Nassau St APT 7B, New York, NY, 10038 | 11.99% 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 65 Nassau St APT 7B, New York, NY, 10038 priced at $850,000 converts $8,492/mo rent into after a $4,160/mo obligation. Total monthly income equals $8,492/mo. Return on cash invested prints 18.74% in year one, and rental yield reads 11.99% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 102.05% and total cumulative return in cash sums $285,382. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,492/mo property income covering a $4,160/mo payment, not borrower’s personal income.

Condo

Built in 1920

N/A lot

$N/A/sqft

$3,124 monthly HOA

More details about the property

Welcome to this stunning corner loft apartment, where historic charm meets contemporary comfort. Featuring soaring 10.5ft high ceilings and expansive windows on two exposures, this spacious 1-bedroom, 1.5-bathroom home is bathed with sun and natural light throughout the day. The mostly open layout with large living/dining area allows for great flexibility in designing this home, and could easily accommodate a second bedroom or large home office. The oversized (7x4ft) windows offer deep views over rooftops and give the space an airy, open feel that defines classic loft living. Beautiful hardwood floors run throughout the space, while a perfectly sized separate kitchen is outfitted with stainless steel appliances, including a Bertazzoni range, Liebherr fridge and GE Monogram dishwasher. A peacefully quiet bedroom is complete with a generously sized walk-in closet and adjacent full bathroom. An additional powder room adds convenience for guests, with ability to convert to a full bathroom. The apartment also features a much desired in-unit washer and dryer, central HVAC, and a communal storage room on the floor to complete the package. Located in a boutique pre-war elevator loft building with only 28 units (3 per floor), this residence blends timeless architectural detail with modern convenience all in a vibrant part of Lower Manhattan with an array of wonderful new dining, shopping and entertainment amenities. Close distance to both the East and Hudson river esplanades and easy access to nearly every subway line within a few blocks. Pet friendly, with co-purchasing, pied a terres, parents buying, and subletting all allowed with Board approval.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10038, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,600 (100%)
Owner Occupied HU	2,863 (21.1%)
Renter Occupied HU	8,937 (65.7%)
Vacant Housing Units	1,800 (13.2%)
Median Home Value	$894,071
Average Home Value	$1,101,949