247 W 46th St APT 2203, New York, NY, 10036 | 4% Rental Yield

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247 W 46th St APT 2203, New York, NY, 10036 | 4% 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

Rental property for sale in New York at 247 W 46th St APT 2203, New York, NY, 10036 generates $6,665/mo in rent, after a $9,784/mo payment. Total monthly income is $6,665/mo. Return on cash invested sits at 7.99% in year one, and rental yield is 4% on a $1,999,000 entry. Equity gained on principal adds $12,899/yr, while 5% annual appreciation builds toward $552,287 over five years. Five-year ROI reaches 39.47% and total cumulative return in cash sums $255,617. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,665/mo property income rather than buyer’s personal income.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Superb, loft-like corner 2-bedroom, 2-and-1/2-bath home in the award-winning Platinum Condominium, located in the heart of the Theater District. Occupying the premium southwest corner at the Platinum, this unit features floor-to-ceiling windows that offer great light & views. The massive open kitchen boasts Thermador appliances, a Marvel wine cooler, and glass cabinets. It has 2 well-proportioned bedrooms, and the spa baths feature Dornbracht and TOTO fixtures. The unit has wide-plank flooring, a Bosch washer & dryer, powder room and abundant closets. Amenities-wise, The Zone, its full-floor amenities space, includes a residents' lounge that is equipped with WiFi, an outdoor terrace with fireplace, a fitness center, yoga studio, sauna, spa treatment rooms, a golf simulator room and relaxation room. The building also offers 24-hour concierge and key-card-accessed elevators. Cold storage room is available for deliveries of perishables. Attached parking garage for fee. Please note that some photos are digitally staged.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10036, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,094 (100%)
Owner Occupied HU	1,821 ( 8.2%)
Renter Occupied HU	17,192 (77.8%)
Vacant Housing Units	3,081 (13.9%)
Median Home Value	$1,328,629
Average Home Value	$1,335,710