67 Park Ave #1B, New York, NY, 10016 | 6.55% Rental Yield

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67 Park Ave #1B, New York, NY, 10016 | 6.55% 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 67 Park Ave #1B, New York, NY, 10016 priced at $695,000 converts $3,794/mo rent into after a $3,402/mo obligation. Total monthly income equals $3,794/mo. Return on cash invested prints 15.61% in year one, and rental yield reads 6.55% against a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation compiles into $192,016 by year five. Five-year ROI reaches 80.42% and total cumulative return in cash sums $183,882. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,794/mo property income covering a $3,402/mo payment, not borrower’s personal income.

Condo

Built in 1922

N/A lot

$N/A/sqft

No HOA

More details about the property

Low maintenance is a stand out feature for this gracious medical suite in the heart of Murray Hill . Boasting a private street entrance on Park Avenue, this light and spacious office with high ceilings and large windows is currently configured as a psychotherapy suite with three large windowed offices, a waiting area and one and a half bathrooms. There is access from both Park Avenue and the building lobby. The office would easily adapt to any number of medical specialties. Potential for live/work. Built in 1921 and designed by the architects Schwarts & Gross, the architectural firm responsible for the Mark & Surrey Hotels and other prominent buildings, 67 Park Avenue is a full -service cooperative with amenities that include a 24-hour doorman, central laundry room, common storage, and pet-friendly policies Located just blocks from Grand Central Station, the building offers easy access to public transportation.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032