Evaluating Low Cashflow in My NYC Property: Is Real Estate Really Profitable?

I inherited a NYC rental property with low net returns. Despite no mortgage, after expenses, profit margins seem unsustainable—especially when compared to stock dividends. What crucial factor might I be missing?

Have you considered that real estate often benefits from hidden long-term value factors like tax advantages or appreciation—even if cashflow seems low? How might these dynamics factor into your overall investment strategy?