$1,969,000
Investment Summary
- Monthly Cash Flow
- -$8,232
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -21.8%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.1%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Experience refined city living in this elegant two bedrooms, two full bathrooms residence at the prestigious Trump Parc, perfectly located at the southern edge of Central Park. This beautifully appointed home offers a seamless blend of classic sophistication and modern comfort. Step into a spacious layout featuring a sun-drenched living room, large windows with Beautiful views, and gleaming hardwood floors throughout. The chef’s kitchen boasts premium stainless steel appliances, granite countertops, and custom cabinetry—ideal for both casual meals and elegant entertaining. The primary bedroom suite offers generous closet space and a luxurious en-suite marble bathroom with a soaking tub and separate glass-enclosed shower. The second bedroom is equally well-proportioned, ideal for guests, a home office, or a growing family. A second full bathroom provides convenience and privacy. Trump Parc offers 24-hour white-glove doorman service, concierge, valet, and on-site parking. Situated moments from Fifth Avenue shopping, Lincoln Center, and world-class dining, this iconic address combines timeless elegance with unbeatable location. Upon entering, you’re greeted by walls paneled in rich cherrywood, exuding warmth and understated opulence. The natural wood grain and deep tones create a serene, inviting atmosphere, setting the tone for the residence’s bespoke design. Living & Dining Areas: The spacious open-concept living and dining areas are flanked by custom-built bookcases—ideal for displaying a curated library or art collection. Thoughtfully integrated architectural lighting highlights the fine woodwork and accentuates the room’s generous proportions. The windows draw in natural light while offering breathtaking, unobstructed views of changing beauty. Kitchen & Cabinetry: The gourmet kitchen is seamlessly integrated into the space, featuring sleek, cabinetry designed with precision. Every drawer and cabinet has been custom-fitted for optimal organization—from concealed spice racks to deep drawers for cookware. Polished stone countertops and high-end appliances complete this chef’s dream kitchen. Bedrooms & Closets: Each of the two bedrooms is a private sanctuary, featuring an abundance of thoughtfully designed closet space. Custom closets include built-in Books shelving, integrated lighting, dedicated shoe racks, and soft-close drawers—all crafted from matching cherrywood to maintain continuity. The primary suite offers dual walk-in closets, fitted to accommodate both seasonal wardrobes and accessories with ease. Bathrooms: Both full bathrooms are styled with spa-like detail. The master bathroom includes encased in glass, Elegant fixtures, stone tiling, and ambient lighting create an atmosphere of relaxation and indulgence. Vanity cabinets are designed with mirrored interiors, integrated power outlets, and organized compartments for grooming essentials. The second bathroom offers the steam - shower room . Additional Features: • Discreetly integrated washer and dryer • Central climate control system • Cherrywood accent moldings and doors throughout • Multiple storage and utility closets with precision-fitted shelving • High ceilings and hardwood flooring for an airy, expansive feel This residence is not merely a home but a curated lifestyle experience—ideal for those who appreciate the harmony of fine design, functional living, and an incomparable location across from the Central Park South. This unique space-saving design is engineered to optimize every corner and surface, resulting in approximately 10% more usable space !!!
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Location
Property Details
Parking
- Description: Building Garage
- Details: Garage, On Street, Other, Valet
- Garage Spaces: 57
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 2
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 6
- # of Stories: 37
- Basement Description: Storage Space
HOA
- Has HOA: Yes
- HOA Fee: $2,626/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Condominium Unit
Lot Information
- Parcel ID: 010114212
- Lot Size: 0 sqft
Property Information
- Property Type: Condominium
- Style: Other
- Year Built: 1930
Tax Information
- Annual Tax: $13,200
Utilities
- Water & Sewer: Public
- Heating: Forced Air
- Cooling: Central Air
Location
- County: New York
Listing Details
Investment Summary
- Monthly Cash Flow
- -$8,232
- Cap Rate
- 1.1%
- Cash-on-Cash Return
- -21.8%
- Debt Coverage Ratio
- 0.17
- Internal Rate of Return (5 years)
- -17.1%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $1,969,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$1,575,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $393,800 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $59,070 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $452,870 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 1,152 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $1,709 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $6.86 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $1,575,200 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.500% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $9,956 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $1,100 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $553 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $11,609 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $7,900 | $94,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$474 | -$5,688 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $7,426 | $89,112 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 14% | -$1,100 | -$13,200 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$553 | -$6,636 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$632 | -$7,584 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$395 | -$4,740 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$395 | -$4,740 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 33% | -$2,627 | -$31,524 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 72% | -$5,702 | -$68,424 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,724 | $20,688 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$9,956 | -$119,472 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $8,232 | $98,784 |