97 Crosby St APT 2, New York, NY, 10012 | 4.82% Rental Yield

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97 Crosby St APT 2, New York, NY, 10012 | 4.82% Rental Yield | Ziffy

Recently Sold

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

Investment property for sale in New York at 97 Crosby St APT 2, New York, NY, 10012 with 5% annual appreciation on a $1,450,000 basis while $5,824/mo rent supports operations. 11% in year one. Equity gained on principal adds $9,357/yr, and five-year appreciation sums $400,608 alongside rental yield of 4.82%. Five-year ROI measures 15.98% and total cumulative return in cash totals $75,093. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,824/mo property income versus a $7,097/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Condo

Built in 1910

N/A lot

$N/A/sqft

$2,900 monthly HOA

More details about the property

Seize the opportunity to grab this full floor loft on Crosby Street. Currently, the loft is set up as a large artist studio in the front facing west onto Crosby Street with living space in the rear. The loft features nearly 10 ceilings with three large windows overlooking the cobblestone street. The studio has ample display shelving and storage cabinets in the front, with a slop sink in the front corner nook, large closet for canvases and second large closet for artwork and supplies plus a utility closet. The building elevator opens directly into the studio space. The living space in the rear is separated from the loft by an oversized glass door. It has three large windows that face east and currently features a full-size kitchen, living area with built in bookshelves and hidden office space with desk along one wall. Additionally, there is an interior room with wall of closets and current south facing window. There is also a full bath with a w/d hookup. 97 Crosby is a seven-unit coop comprised of 7 full floor lofts. Hand operated elevator. Pied-a-terre and pets allowed as is subletting after two years in residence.

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