85 8th Ave APT 5W, New York, NY, 10011 | 9.13% Rental Yield

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85 8th Ave APT 5W, New York, NY, 10011 | 9.13% 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

Rental property for sale in New York at 85 8th Ave APT 5W, New York, NY, 10011 offers $4,680/mo rent that, after a $3,010/mo payment. Total monthly income is $4,680/mo. Return on cash invested measures 10.85% in year one, and rental yield stands at 9.13% at a $615,000 entry. Equity gained on principal adds $3,969/yr while 5% annual appreciation compounds into $169,913 by year five. Five-year ROI records 59.43% and total cumulative return in cash reaches $120,257. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,680/mo property income versus a $3,010/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 1973

N/A lot

$N/A/sqft

$2,127 monthly HOA

More details about the property

Unusually spacious and very well laid out, this studio/junior one bedroom enjoys glorious western sunlight and is incredibly serene. Located at the intersection of the West Village, Meatpacking District and Chelsea, this beautifully maintained apartment is flooded with an abundance of natural light and ample closet space. The apartment has a small balcony that overlooks the building's private landscaped garden, a delightful spot for al fresco dining. This wonderful home is in mint move-in condition, recently painted in a serene palette and newly updated with recessed lighting, beautiful oak floors, crown and base moldings, custom built-ins, well-outfitted closets and through wall air-conditioning. The kitchen is fully equipped with attractive white cabinets, granite counter-tops and full sized designer appliances including a Bertazzoni range, Fisher Paykel dishwasher drawer, Liebherr refrigerator/freezer and Avanti over the range microwave. The recently renovated ceramic-tile bathroom features a walk in shower and floating vanity. Step up to the private sleeping area that houses a queen size bed and is separated from the living room by a charming shoji screen. Guarantors, co-purchasing and pied a terre ownership welcome. Pets are permitted. With its twenty four hour doorman/concierge, resident superintendent, laundry on every floor, wonderful outdoor space, attached garage and fantastic location, this oversized studio is an absolute must see!

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