301 W 53rd St APT 6J, New York, NY, 10019 | 4.9% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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301 W 53rd St APT 6J, New York, NY, 10019 | 4.9% 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

Total monthly income runs $4,062/mo, and a $4,870/mo payment. Purchase price stands at $995,000, and rental yield measures 4.9% with $4,062/mo rent. Return on cash invested shows 7.86% in year one, and 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 39.84% and total cumulative return in cash records $130,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,062/mo property income covering a $4,870/mo payment rather than investor’s personal income.

Condo

Built in 1979

N/A lot

$N/A/sqft

$745 monthly HOA

More details about the property

The open-concept living area and kitchen with large eat-at counter features 5" oak floors and integrated air conditioning units in every room. The sleekly designed kitchen has white lacquered cabinetry, quartz countertops, stainless trim, Bertazzoni gas range, Bosch panelized refrigerator and dishwasher, and stainless-steel microwave. The bedroom can easily accommodate a king size bed and nightstands and receives generous eastern light with ample storage space. The spa-like bathroom is both spacious and proportionally designed, featuring scratch-resistant white marble floors, custom vanity, and Kohler accessories. Stretching a full city block, Fifty Third And Eighth is situated at the crossroads of vibrant Hell's Kitchen and Manhattan's Midtown West District. Its location is second to none, especially for those who want the convenience and accessibility to the cities numerous iconic and cultural destinations. Central Park, Columbus Circle, Lincoln Center, Times Square, Carnegie Hall, Plaza District, MoMA, Time Warner Center, Broadway, Rockefeller Center, Fifth/ Madison Avenues, Hell's Kitchen and Hudson River Park all within reach and just moments away. Building Features Include: - 24-Hour Doorman & Attended Lobby with Concierge Services - Package Reception for secure package handling - On-site Parking Garage - Pet-Friendly Building with a Private Dog Park - Childrens Playroom - Fully Equipped Gym - Residents Lounge - Furnished Roof Top Deck with Grill - Large Laundry Room - Cold Storage - Bike Storage ($50 per month) - Resident Superintendent for fast maintenance and support

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