88 Greenwich St APT 3502New YorkNY10006
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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
Investment Highlights
Rental property for sale in New York at 88 Greenwich St APT 3502, New York, NY, 10006 offers $5,406/mo rent that, after a $4,885/mo payment. Total monthly income is $5,406/mo. Return on cash invested measures 11.06% in year one, and rental yield stands at 6.5% at a $998,000 entry. Equity gained on principal adds $6,440/yr while 5% annual appreciation compounds into $275,729 by year five. Five-year ROI records 57.6% and total cumulative return in cash reaches $189,132. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,406/mo property income versus a $4,885/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1929
N/A lot
$N/A/sqft
$1,204 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10006, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,605 (100%) |
| Owner Occupied HU | 306 (11.7%) |
| Renter Occupied HU | 1,922 (73.8%) |
| Vacant Housing Units | 377 (14.5%) |
| Median Home Value | $1,093,023 |
| Average Home Value | $1,164,624 |
Housing Distribution
Address Breakdown
Residential
2,816
Single Family
4
Multi-Family
2,812
Businesses
542
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