870 Riverside Dr APT 2A, New York, NY, 10032 | $1,579/mo Cash Flow

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870 Riverside Dr APT 2A, New York, NY, 10032 | $1,579/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 870 Riverside Dr APT 2A, New York, NY, 10032 uses $246,750 cash to close to unlock $18,942/yr annual cash flow and $1,579/mo monthly cash flow. Total monthly income runs $8,426/mo, and a $3,671/mo payment keeps the spread at $1,579/mo. Purchase price stands at $750,000, and rental yield measures 13.48% with $8,426/mo rent. Return on cash invested shows 27.74% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 148.68% and total cumulative return in cash records $366,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $8,426/mo property income covering a $3,671/mo payment rather than investor’s personal income.

Condo

Built in 1915

N/A lot

$N/A/sqft

$1,839 monthly HOA

More details about the property

New price! Come and see it before this deal is gone! This sprawling pre-war 4 bedroom/ 2 baths is situated in one of the most beautiful historical neighborhoods in Upper Manhattan. Original floors, high ceilings 9'6", oversized windows, abundant sunlight, ample closets. This choc-full-of details beauty may need a gut renovation but is well worth it. Great building with a super on site 24/7, laundry room on the first floor. 2 Blocks off the No.1 train and M4, Bx6 buses, A, B, & C trains close by and one block off Exit 158 highway. A vibrant neighborhood with new restaurants, cafes and Planet Fitness Gym. A huge Food Town supermarket just one block's away. Low maintenance. Pet friendly. Washer/Dryer is allowed. This is an income restricted building (HDFC), but the income cap is high as a normal Co-op. The maximum allowable annual gross income for household with 1 or 2 dependents is about $ 450,000 and $530,000 if 3 or more dependents. Come explore the parks and the immense beauty of this hidden neighborhood.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10032, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,269 (100%)
Owner Occupied HU	1,998 ( 9.0%)
Renter Occupied HU	18,781 (84.3%)
Vacant Housing Units	1,490 ( 6.7%)
Median Home Value	$648,847
Average Home Value	$729,167