








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in New York at 71 Reade St APT 4C, New York, NY, 10007 priced at $1,645,000 converts $5,442/mo rent into after a $8,051/mo obligation. Total monthly income equals $5,442/mo. Return on cash invested prints 4.92% in year one, and rental yield reads 3.97% against a $1,645,000 entry. Equity gained on principal adds $10,615/yr, while 5% annual appreciation compiles into $454,483 by year five. Five-year ROI reaches 24.09% and total cumulative return in cash sums $128,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,442/mo property income covering a $8,051/mo payment, not borrower’s personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
$1,320 monthly HOA
Neighborhood data shown for ZIP Code: 10007, New York, NY area.
| 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 |
Residential
4,089
Single Family
14
Multi-Family
4,075
Businesses
1,149
Date | Event | Price |
|---|---|---|
| 2025-08-11 | Listed for rent | $7,250 |
| 2025-08-09 | Listed for sale | $1,645,000 |
| 2025-07-31 | Listing removed | $1,645,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Ashley Reidy Quinn • Coldwell Banker Warburg
Mls Name: StreetEasy
Mls ID: #S1784822