71 Reade St APT 2C, New York, NY, 10007 | 4.64% Rental Yield

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71 Reade St APT 2C, New York, NY, 10007 | 4.64% Rental Yield | Ziffy

For Sale

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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

Rental property for sale in New York at 71 Reade St APT 2C, New York, NY, 10007 priced at $1,495,000 pairs $5,781/mo rent with after a $7,317/mo payment. Total monthly income equals $5,781/mo. Return on cash invested is 6.72% in year one, and rental yield stands at 4.64% on a $1,495,000 basis. Equity gained on principal adds $9,647/yr, and 5% annual appreciation accumulates to $413,041 by year five. Five-year ROI measures 33.86% and total cumulative return in cash reaches $164,029. For financing, Ziffy Mortgage’s DSCR program evaluates $5,781/mo property income against a $7,317/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 2015

N/A lot

$N/A/sqft

$1,306 monthly HOA

More details about the property

Welcome to Residence 2C at 71 Reade, a generous and luxurious 845 square foot, 1 bed/1.5 bathroom home, designed by renowned Selldorf Architects. Residence 2C offers an unparalleled living experience with soaring ceilings and expansive windowstruly the most impressive in the building. The open-concept living and dining area is bathed in natural light by way of its Southern exposure and oversized windows, creating a welcoming and airy atmosphere. The Eggersmann gourmet kitchen is a chefs dream, featuring top-tier Miele stainless steel appliances, including a stove, Sub-Zero refrigerator, Liebherr wine fridge, and Wolf microwave. The king-sized primary bedroom is a serene retreat and includes a bathroom accented by driftwood grey marble walls and flooring, a double vanity, elegant fixtures, and heated floors for added comfort. A powder room in the entry foyer is a welcome convenience for guests. Additional highlights include motorized shades, an in-unit washer/dryer, and multi-zone air conditioning. The sale includes a private 7' x 8' storage unit. 71 Reade is a full-service condominium in the heart of Tribeca, built in 2015, and features a 24-hour doorman, a roof terrace, a Technogym-equipped fitness center, a childrens playroom, a pet grooming room, and bicycle storage. Perfectly located in the historic Tribeca District, you are moments away from world-class shopping, dining, and cultural destinations, with easy access to all major transportation options, including the A/C/E, 1/2/3, 4/5/6, J/Z, and R/W subway lines. Please note that some images have been virtually staged.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10007, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,044 (100%)
Owner Occupied HU	1,410 (28.0%)
Renter Occupied HU	3,001 (59.5%)
Vacant Housing Units	633 (12.5%)
Median Home Value	$1,607,143
Average Home Value	$1,583,307