310 W 56th St, New York, NY, 10019 | $947/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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310 W 56th St, New York, NY, 10019 | $947/mo Cash Flow | 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

Investment property for sale in New York at 310 W 56th St, New York, NY, 10019 uses $180,950 cash to close to unlock $11,366/yr annual cash flow and $947/mo monthly cash flow. Total monthly income runs $4,620/mo, and a $2,692/mo payment keeps the spread at $947/mo. Purchase price stands at $550,000, and rental yield measures 10.08% with $4,620/mo rent. Return on cash invested shows 26.34% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 137.97% and total cumulative return in cash records $249,658. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,620/mo property income covering a $2,692/mo payment rather than investor’s personal income.

Condo

Built in 1964

N/A lot

$N/A/sqft

No HOA

More details about the property

Listed with Josh Rubin at Douglas Elliman. Contact josh at rubin team (dot) com to schedule. All showings by appointment only. High above Columbus Circle, this penthouse studio with twenty-four hour doorman and private terrace feels like the beginning of a great New York story. Sunlight pours through oversized windows, opening onto a private terrace made for morning coffee, quiet reflection, or late-night city views. Every inch of the space feels thoughtful modern, bright, and effortlessly livable a perfect balance of calm retreat and city energy. Just outside, the best of Manhattan waits at your doorstep. Central Park is moments away, Whole Foods just downstairs, and some of the citys most celebrated restaurants within a few blocks. The subways here connect you to everywhere you want to go, though you might find you never need to leave. The building offers all the right details a full-time doorman, live-in superintendent, laundry room, bike storage, and a pet-friendly policy. A rare combination of comfort and convenience, this home is both a smart investment and a beautiful place to land whether its your first Manhattan address or a pied--terre youll look forward to returning to again and again.

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