340 W 55th St APT 7B, New York, NY, 10019 | 10.17% Rental Yield

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340 W 55th St APT 7B, New York, NY, 10019 | 10.17% 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

Investment property for sale in New York at 340 W 55th St APT 7B, New York, NY, 10019 offers a 10.17% rental yield on a $999,999 purchase with $8,474/mo rent. 93% in year one. Equity gained on principal adds $6,453/yr while 5% annual appreciation supports $276,281 over five years. Portfolio math shows five-year ROI at 85.97% and total cumulative return in cash at $282,843. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $8,474/mo property income against a $4,895/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1925

N/A lot

$N/A/sqft

$2,930 monthly HOA

More details about the property

Welcome to 340 W. 55th Street, Apt 7B - a beautiful corner two-bed, two-bath apartment with three exposures on one of the best tree-lined residential blocks in Midtown. Perched on the 7th floor of The Sherwood, this unit offers stunning skyline views from both bedrooms and plenty of space to create a sanctuary of a home in the heart of Manhattan. Enter into a spacious foyer where one of the two full baths is located . The generous living room features built-in storage, space for dining and flows directly into a beautiful updated kitchen complete with elegant custom teak cabinetry, natural soapstone countertops, and a full-sized dishwasher. Off of the living room are two corner bedrooms equipped with large wall length closets with built-in storage. This fantastic home is perfectly located just a few blocks from Columbus Circle and Central Park. The Sherwood is a few blocks to Central Park, Columbus Circle and the Theatre District. With access to multiple subway lines, living at The Sherwood makes commuting and enjoying all of NYC convenient. Basement storage is included. The Sherwood offers a doorman (8AM midnight), a live-in super, laundry room, fitness center, bike storage and a fantastic roof deck. This pet friendly building allows guarantors and pieds-a-terres with Board approval.

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