Manhattan Condo Rental Yields Give Buyers Little to Smile About
You buy a Manhattan condominium in an income bet, and what do you get? A measly 2.5 percent return. That median rental yield has stuck around since the end of last year, the lowest in data going back to 2010, an analysis by StreetEasy shows. If you did park your cash in a Big Apple condo, you’re probably not alone: Between January 2010 and June of this year, more than 8,000 units were sold and then listed for rent within 180 days of closing, according to the property-listing website.