82 Irving Pl APT 3A, New York, NY, 10003 | $1,556/mo Cash Flow

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82 Irving Pl APT 3A, New York, NY, 10003 | $1,556/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 82 Irving Pl APT 3A, New York, NY, 10003 uses $261,555 cash to close to unlock $18,675/yr annual cash flow and $1,556/mo monthly cash flow. Total monthly income runs $8,425/mo, and a $3,891/mo payment keeps the spread at $1,556/mo. Purchase price stands at $795,000, and rental yield measures 12.72% with $8,425/mo rent. Return on cash invested shows 27.2% in year one, and 5% annual appreciation builds toward $219,644 over five years. Five-year ROI reaches 145.16% and total cumulative return in cash records $379,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,425/mo property income covering a $3,891/mo payment rather than investor’s personal income.

Condo

Built in 1950

N/A lot

$N/A/sqft

$1,560 monthly HOA

More details about the property

This charming, renovated one-bedroom home is located on the highly desirable Irving Place, just three doors south of Gramercy Park, in the heart of the Gramercy Park Historic District. In the center of the city, tree-lined Irving Place is not a through street, making it a peaceful place to live, in the middle of it all! East facing wall-to wall-windows in the living room and bedroom provide natural light with views out to the classic architecture of the surrounding neighborhood. The open kitchen is ideal for entertaining and features full size appliances with generous cabinets and granite countertops. Espresso-stained hard wood floors throughout the apartment offer a contemporary touch to the traditional style. Outfitted closets in the bedroom and hallway provide great storage with additional built-in bedroom bookcases framing the window seat overlooking Irving Place. 82 Irving Place is a graceful, boutique pre-war elevator co-op featuring a beautiful marble lobby, laundry room, bike room, basement storage and a live-in and very responsive superintendent. In the heart of historic Gramercy, the brick-faced building is just blocks away from Union Square and the Flatiron District. A few minutes stroll leads you to the famous Union Square Farmers Market, Trader Joes, Whole Foods, the movies, and the subway hub for N/Q/R, 4/5/6 and L trains which will take you anywhere in the city. Guarantors and parents buying for a son or daughter are welcome with board approval. Sublease is possible for up to 2 years with board approval and pied a terres and cats are permitted, but sorry, no dogs.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10003, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	32,236 (100%)
Owner Occupied HU	8,911 (27.6%)
Renter Occupied HU	19,242 (59.7%)
Vacant Housing Units	4,083 (12.7%)
Median Home Value	$1,114,519
Average Home Value	$1,316,464