340 W 57th St APT 5F, New York, NY, 10019 | $206/mo Cash Flow

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340 W 57th St APT 5F, New York, NY, 10019 | $206/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 340 W 57th St APT 5F, New York, NY, 10019 uses $220,430 cash to close to unlock $2,474/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $4,680/mo, and a $3,279/mo payment keeps the spread at $206/mo. Purchase price stands at $670,000, and rental yield measures 8.38% with $4,680/mo rent. Return on cash invested shows 21.18% in year one, and 5% annual appreciation builds toward $185,109 over five years. Five-year ROI reaches 110.3% and total cumulative return in cash records $243,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,680/mo property income covering a $3,279/mo payment rather than investor’s personal income.

Condo

Built in 1929

N/A lot

$N/A/sqft

No HOA

More details about the property

Spacious Studio / Jr. 1-Bedroom at the Prestigious Parc Vendome Condominium (Columbus Circle) Discover this exceptionally large studiocurrently configured as a true one-bedroom with a pressurized divider, but easily convertible back. Double doors partition the bedroom from the rest of the apartment. With 554sq ft living space, this is the largest and most flexible studio layout in the Parc Vendome featuring: Living Room: 12'9 13'1 Bedroom: 10' 13'1 Foyer / Dining Area: 6'11 14'8 The living area, bedroom and kitchen all enjoy serene south-facing views of the beautifully landscaped private gardensan urban oasis right outside your window. A separate dressing area off the foyer (5'7 10'2) adds another functional space for a home office or vanity. Combining elegance with practicality, this condominium offers a perfect space for permanent living, an investment property or pied- -Terre. Full-time doorman Grand communal gardens with fountain Shared amenities: billiards, music room, library, card room, and private dining/banquet facilities Wi-Fi in the garden and communal areas Optional private storage Low monthly charges (including electricity), making it a smart financial choice Experience tranquil garden views, generous room sizes, and refined service at Parc Vendomethis gem offers comfort, convenience, and investment appeal in one of the citys most distinguished buildings.

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