150 W 56th St APT 2810, New York, NY, 10019 | $972/mo Cash Flow

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150 W 56th St APT 2810, New York, NY, 10019 | $972/mo Cash Flow | Ziffy

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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 150 W 56th St APT 2810, New York, NY, 10019 listed at $1,100,000 pairs $9,347/mo rent with a $5,384/mo payment to leave $972/mo cash flow. Total monthly income runs $9,347/mo, and annual cash flow reaches $11,668/yr on $356,400 cash to close. Return on cash invested measures 23.64% in year one, and rental yield registers 10.2% at a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and annual property appreciation at 5% supports $303,910 by year five. Five-year ROI tracks 124.69% and total cumulative return in cash totals $444,391. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,347/mo property income relative to a $5,384/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1987

N/A lot

$N/A/sqft

$1,029 monthly HOA

More details about the property

Welcome to Apartment 2810 at 150 West 56th Street, an exquisite 865-square-foot, 1-bedroom, 1.5-bathroom condo in the iconic Cityspire building. Designed by the renowned architect Helmut Jahn and celebrated for its unique octagonal shape, Cityspire offers a harmonious blend of architectural brilliance and modern comfort. This unit has been meticulously maintained and features newly installed floors, a private terrace with breathtaking southwestern exposures, and panoramic views of the Manhattan skyline. Step inside to find a spacious living area bathed in natural light, highlighting the pristine condition of this home. The private terrace provides a serene escape where you can enjoy sweeping cityscapes and stunning vistas of the Hudson River. The generously-sized bedroom includes an en-suite bathroom and ample closet space, while the additional half-bath adds convenience for guests. Residents of Cityspire enjoy an array of premium amenities, including a full-time doorman for 24/7 security and assistance. The state-of-the-art fitness center features a yoga studio, cardio and strength-training facilities, free weights, and a post-workout room with Midtown views. The swimming pool, complete with a Jacuzzi overlooking the Hudson River, offers the perfect place to unwind. Additional conveniences include a laundry room, live-in superintendent, and garage parking with daily and monthly rates. Located in the heart of Manhattan, this luxury condo places you at the center of it all. The epicenter of shopping, dining, and cultural landmarks is at your doorstep, from Central Park to Columbus Circle, Fifth Avenue to Broadway, and Rockefeller Plaza to Carnegie Hall. Experience the vibrant energy of New York City while enjoying the comfort and elegance of Cityspire living. This exceptional apartment is an ideal opportunity for those seeking a premier residence in one of Manhattan's most coveted locations. Contact us today to schedule a private viewing and discover the unparalleled lifestyle that awaits you at Cityspire. Capital Work Assessment $222.68/mo. 1/1/2024 till 12/31/2028

Neighborhood Data

Neighborhood data shown for ZIP Code: 10019, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,231 (100%)
Owner Occupied HU	4,717 (13.4%)
Renter Occupied HU	24,438 (69.4%)
Vacant Housing Units	6,076 (17.2%)
Median Home Value	$962,650
Average Home Value	$1,201,466