UNIT 5A 1st Ave, New York, NY, 10002 | 7.41% Rental Yield

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UNIT 5A 1st Ave, New York, NY, 10002 | 7.41% Rental Yield | Ziffy

For Sale

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 UNIT 5A 1st Ave, New York, NY, 10002 earns from $5,220/mo rent with a $4,136/mo payment. Total monthly income totals $5,220/mo. ROI tracks 13.61% on current figures, and rental yield reads 7.41% at a $845,000 purchase. Equity gained on principal adds $5,453/yr, and 5% annual appreciation supports $233,458 over five years. Five-year ROI reaches 71.38% and total cumulative return in cash sums $198,432. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,220/mo property income instead of your personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

$1,071 monthly HOA

More details about the property

Enjoy incredible open views of the East Village and Lower East Side from this 5th floor home. This very open space, with walls of windows to the south and east, feels much more like a loft than an apartment. A uniquely angled floor plan adds architectural interest and creates long sight lines that make the space feel larger than its sizeable square footage. The home features a top-of-the-line kitchen with Wolf range, quartz counters and a porcelain backsplash. The sizable windowed bath features a large soaking tub and expansive basin counter. The bedroom features a walk-in closet and an east facing balcony that lets morning sun stream across the room and offers a great place for morning coffee. The home includes a Miele washer/dryer and thru the wall AC. The builidng offers a sizable gym , sun deck and a full time doorman Monday thru Saturday. There is a storage closet on the lower level that comes with the apartment. There could not be a better location for all that the Lower East Side has to offer!

Neighborhood Data

Neighborhood data shown for ZIP Code: 10002, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	40,854 (100%)
Owner Occupied HU	6,264 (15.3%)
Renter Occupied HU	31,158 (76.3%)
Vacant Housing Units	3,432 ( 8.4%)
Median Home Value	$821,930
Average Home Value	$952,686