66 Frankfort St APT 2G, New York, NY, 10038 | $1,465/mo Cash Flow

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66 Frankfort St APT 2G, New York, NY, 10038 | $1,465/mo Cash Flow | Ziffy

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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 66 Frankfort St APT 2G, New York, NY, 10038 offers a 12.13% rental yield on a $650,000 purchase with $6,568/mo rent. Total monthly income registers $6,568/mo, and a $3,181/mo payment leaves $1,465/mo available for distribution. Annual cash flow reaches $17,578/yr on $213,850 to close, and return on cash invested stands at 28.28% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 149.89% and total cumulative return in cash at $320,546. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,568/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

$763 monthly HOA

More details about the property

Unique true one bedroom layout at Southbridge Towers! It features an oversized balcony with double exposures. And ability for an open kitchen unlike almost every other one bedroom home within the cooperative. Must see. This living room benefits from excellent Western natural light shining through an unusually long line of windows. The living area also has a double exposure which again is very rare for a one bedroom at Southbridge Towers. The bedroom is generously sized and would easily accommodate a king-sized bedroom set. Southbridge Towers is one of Downtown's best co-op's, not only for the generous size of the apartments and very competitive pricing, but also for the extraordinarily low maintenance (which includes all utilities). This apartment also has direct access to a parking garage where shareholders receive preferential pricing. Southbridge Towers is located in prime FiDi, steps from the lively nightlife and restaurants of the Seaport and Tribeca, and very close to the city's most-useful transportation such as the A, C, E, 4, 5, 6, 1, 2, 3, R, W, J, and Z trains.

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