88 Bleecker St APT 2M, New York, NY, 10012 | $3,540/mo Cash Flow

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88 Bleecker St APT 2M, New York, NY, 10012 | $3,540/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 88 Bleecker St APT 2M, New York, NY, 10012 at $835,000 posts ROI 35.52% with $3,540/mo cash flow from $10,518/mo rent. Total monthly income equals $10,518/mo, and annual cash flow records $42,479/yr on $274,715 to close. Return on cash invested measures 35.52% and rental yield reads 15.12% at the current $835,000. Equity gained on principal adds $5,388/yr, and 5% annual appreciation supports $230,695 by year five. Five-year ROI prints 189.4% and total cumulative return in cash totals $520,300.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $10,518/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Condo

Built in 1961

N/A lot

$N/A/sqft

$1,402 monthly HOA

More details about the property

FIRST SHOWINGS: BY APPT SUNDAY 8/25 11-1pm. Situated on the third floor, residence 2M is a beautiful turnkey property waiting for its next owner. This spacious one bedroom is bright, with hardwood floors, thoughtful finishes, tons of closet space, and a lovely flow. Windows facing north offer classic city views of the neighboring cast iron buildings and of tree tops. 88 Bleecker sits at the nexus of Greenwich Village, Soho, Noho and Nolita. The home's well-proportioned layout features a gracious living room that comfortably accommodates both a living and dining area. The large bedroom can provide space for a home office, or a quiet sitting area. The apartment's kitchen features top of the line applicances; Bertazonni range, Miele dishwasher, Viking convection microwave, and Frigidaire fridge. Beautiful marble and porcelain finishes adorn the bathroom with a large pedestal sink as center stage. Both the living room and bedroom have new thru-wall air-conditioners. This property is the perfect peaceful escape from city life, and one of the best downtown locations and values. The Mercer House Apartments, built in 1961, is a quintessential mid-century elevator cooperative. The building features a live-in super, porter, virtual doorman, bike room, laundry room, storage, and on-site parking garage. Subletting is permitted after 2 years of ownership. Pet friendly, Co-purchasing, guarantors, and pieds-a-terre are all on a case by case basis. This desirable building and unbeatable neighborhood is convenient to countless subway lines, top restaurants, cafes, green markets, shopping, cultural interests, and nightlife.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10012, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,191 (100%)
Owner Occupied HU	2,772 (18.2%)
Renter Occupied HU	10,378 (68.3%)
Vacant Housing Units	2,041 (13.4%)
Median Home Value	$1,397,017
Average Home Value	$1,448,345