88 Lexington Ave #1006New YorkNY10016
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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
Investment property for sale in New York at 88 Lexington Ave #1006, New York, NY, 10016 projects strong ROI of 7.17%. Rental yield 3.74%. With 5% annual appreciation, the property builds $790,745 in value over five years. Equity growth combined delivers a projected five-year ROI of 35.06%, translating into $325,164 in total cumulative return on $927,320 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Multi Family
Built in 1927
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 41,052 (100%) |
| Owner Occupied HU | 8,730 (21.3%) |
| Renter Occupied HU | 26,763 (65.2%) |
| Vacant Housing Units | 5,559 (13.5%) |
| Median Home Value | $1,031,364 |
| Average Home Value | $1,209,032 |
Housing Distribution
Address Breakdown
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
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