85 8th Ave APT 1L, New York, NY, 10011 | 6.23% Rental Yield

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85 8th Ave APT 1L, New York, NY, 10011 | 6.23% 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

Investment property for sale in New York at 85 8th Ave APT 1L, New York, NY, 10011 earns from $3,608/mo rent with a $3,402/mo payment. Total monthly income totals $3,608/mo. ROI tracks 9.09% on current figures, and rental yield reads 6.23% at a $695,000 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 over five years. Five-year ROI reaches 47.47% and total cumulative return in cash sums $108,546. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,608/mo property income instead of your personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

$1,056 monthly HOA

More details about the property

Tucked away on a tranquil block at the crossroads of the West Village and Chelsea, this mint-condition, loft-like studio offers a rare blend of sophistication and serenity. With soaring ceilings and oversized windows that flood the space with natural light, every corner of this home whispers quiet luxury. A generous open layout provides endless possibilitieswhether youre an artist in need of space or a minimalist craving calm, this home bends effortlessly to your rhythm. The pice de rsistance? Pin-drop quiet. Yes, even in Manhattan. Step into the custom-designed open kitchen, where sleek granite countertops meet rich cabinetry and high-end stainless steel appliances gleam like jewelry under subtle lighting. Its a kitchen that invites you to pour a glass of wine and linger. A beautifully renovated bathroom offers a spa-like escape, while thoughtfully installed Cesar closets make storage feel seamless and elegant. Every inch has been lovingly curated, from the finishes to the flow, and the result is a home that lives like a chic downtown hideaway. Beyond your front door, a full-service building with a 24-hour doorman welcomes you and your guests with ease. The building's liberal sublet policy adds flexibility, making it perfect for investors or long-term planners. Pet-friendly and perched amidst the city's most coveted destinationsChelsea Market, the High Line, Hudson River promenade, Meatpackings buzz, and world-class dining, shopping, and nightlifethis home offers not just a place to live, but a lifestyle. With nearly every subway line at your fingertips, Manhattan unfolds effortlessly before you.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10011, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	34,957 (100%)
Owner Occupied HU	10,815 (30.9%)
Renter Occupied HU	19,813 (56.7%)
Vacant Housing Units	4,329 (12.4%)
Median Home Value	$1,184,111
Average Home Value	$1,321,727