347 W 57th St APT 21D, New York, NY, 10019 | 4.63% Rental Yield

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347 W 57th St APT 21D, New York, NY, 10019 | 4.63% 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

Rental property for sale in New York at 347 W 57th St APT 21D, New York, NY, 10019 generates $4,939/mo in rent, after a $6,265/mo payment. Total monthly income is $4,939/mo. Return on cash invested sits at 9.93% in year one, and rental yield is 4.63% on a $1,280,000 entry. Equity gained on principal adds $8,260/yr, while 5% annual appreciation builds toward $353,640 over five years. Five-year ROI reaches 49.88% and total cumulative return in cash sums $206,880. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,939/mo property income rather than buyer’s personal income.

Condo

Built in 1982

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover elevated city living in this sun-filled 21st-floor corner residence at the sought-after Colonnade Condominium, just steps from Columbus Circle and Central Park. With dual exposures and sweeping southern views over Manhattan's vibrant east side corridor, this one-bedroom, one-and-a-half-bath home is ideal for full-time living or a sophisticated pied--terre. Residence 21D offers a spacious layout with an oversized living/dining area, updated flooring, and a private south-facing balcony perfect for relaxing or entertaining. The windowed kitchen is smartly designed with stainless steel appliances, generous counter space, and abundant cabinetry. The large primary suite features a semi-walk-in closet and a well-appointed en-suite bath, while a separate guest powder room adds convenience. Thoughtful storage includes double closets along the corridor. The Colonnade is a full-service, amenity-rich condominium with a grand lobby, newly renovated hallways, a state-of-the-art gym with sauna, a 31st-floor sky lounge with panoramic views, plus laundry on every floor, storage, and bike facilities. Pet-friendly. Located in one of Manhattan's most dynamic neighborhoods, you'll be moments from Lincoln Center, Carnegie Hall, the Time Warner Center, Whole Foods, Equinox, world-class dining, Broadway theaters, and seamless transportation options (A, B, C, D, 1, N, Q, R trains). Set within the transformation of Midtown West into the celebrated "Billionaire's Row," The Colonnade offers both historic significance and modern convenience.

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