247 W 46th St APT 302, New York, NY, 10036 | $32/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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247 W 46th St APT 302, New York, NY, 10036 | $32/mo Cash Flow | Ziffy

For Sale

Currently Rented

Rental Income

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

Investment property for sale in New York at 247 W 46th St APT 302, New York, NY, 10036 uses $246,750 cash to close to unlock $378/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $5,040/mo, and a $3,671/mo payment keeps the spread at $32/mo. Purchase price stands at $750,000, and rental yield measures 8.06% with $5,040/mo rent. Return on cash invested shows 20.21% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 105.09% and total cumulative return in cash records $259,314. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,040/mo property income covering a $3,671/mo payment rather than investor’s personal income.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to Residence 302 at The Platinum, a bright and expansive west-facing studio perfectly positioned in the heart of Midtowns Theater District. Oversized floor-to-ceiling windows bring in warm afternoon light, highlighting the open layout and freshly painted interiors with refined finishes throughout. The thoughtfully designed kitchen features sleek stainless steel appliances, a gas cooktop, convection oven, and generous counter and storage spaceincluding an oversized refrigerator and a built-in wine cooler. The spa-like bathroom offers a deep freestanding soaking tub, a glass-enclosed shower, and sophisticated stone finishes. A washer/dryer and a spacious walk-in closet complete the homes comfortable design. Designed by acclaimed architect Costas Kondylis, The Platinum is a full-service luxury condominium offering 24-hour doorman and concierge, card-access elevators, and on-site valet and garage parking. Residents enjoy The Zonea full floor devoted to wellness and relaxationfeaturing a state-of-the-art fitness center, indoor and outdoor yoga studios, spa treatment rooms, a meditation lounge, a social sauna, golf simulator, and a landscaped terrace with an outdoor fireplace. Additional conveniences include a bike room, cold storage, laundry facilities, and a private dog run. Located moments from Broadway theaters, world-class dining, and major subway lines (C, E, N, R, W, and 1), The Platinum offers a dynamic and convenient lifestyle in the center of it all. Tenant in place. 24-hour notice required.

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