77 Reade St APT 2D, New York, NY, 10007 | 7.59% Rental Yield

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77 Reade St APT 2D, New York, NY, 10007 | 7.59% Rental Yield | 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 77 Reade St APT 2D, New York, NY, 10007 at $1,300,000 posts ROI 15.33% with from $8,219/mo rent. Total monthly income equals $8,219/mo. Return on cash invested measures 15.33% and rental yield reads 7.59% at the current $1,300,000. Equity gained on principal adds $8,389/yr, and 5% annual appreciation supports $359,166 by year five. Five-year ROI prints 80.2% and total cumulative return in cash totals $337,815. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $8,219/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 2009

N/A lot

$N/A/sqft

$1,306 monthly HOA

More details about the property

Spectacular Loft with a wall of south-facing, floor-to-ceiling windows in the heart of TriBeCa! This bright, spacious studio, which easily converts to a one Bedroom, is ideal for entertaining with an area that accommodates a very large dining table. Your Open Chefs Kitchen features top-of-the-line appliances and finishes including a gas range and dishwasher by Miele, great storage space and Italian white glass throughout. The spa-like Bathroom has beautiful reclaimed teak shelving, a deep-soaking tub, and Kohler fixtures. Other features of the home include soaring ceilings, hardwood flooring, central air conditioning, a vented washer/dryer, blackout shades and a massive, private storage unit in the basement. No. 77 Reade Street Condominium, designed by BKSK Architects, is a full-service Condominium with exceptional amenities including a 24-hour doorman, live-in super, gym, bike room, garage and stunning roof terrace with panoramic views of downtown Manhattan. This chic, boutique building is perfectly situated right by the new Perelman Performing Arts Center, as well as Tribecas best restaurants, parks, schools and all major transportation. There is a 1% flip tax paid by the purchaser. An assessment of $197.50/mo is in place through February 2025. Call now for your private showing of this special gem!

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