350 W 42nd St APT 18B, New York, NY, 10036 | $1,286/mo Cash Flow

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350 W 42nd St APT 18B, New York, NY, 10036 | $1,286/mo Cash Flow | Ziffy

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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 350 W 42nd St APT 18B, New York, NY, 10036 generates $8,172/mo in rent and, after a $4,381/mo payment, leaves $1,286/mo in cash flow. Total monthly income is $8,172/mo, and annual cash flow is $15,431/yr on $294,455 invested. Return on cash invested sits at 25.3% in year one, and rental yield is 10.96% on a $895,000 entry. Equity gained on principal adds $5,775/yr, while 5% annual appreciation builds toward $247,272 over five years. Five-year ROI reaches 133.7% and total cumulative return in cash sums $393,698. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $8,172/mo property income rather than buyer’s personal income.

Condo

Built in 2007

N/A lot

$N/A/sqft

$909 monthly HOA

More details about the property

This beautifully-designed high-floor one bedroom corner apartment at the coveted Orion condominium! This move-in-ready gem boasts 712 sq ft of elegant interiors brightened by floor-to-ceilings windows facing north and west, framing stunning city views that include the Empire State Building. A gracious entry foyer with huge closet greets your arrival. Gorgeous wood floors, crown moldings, automated shades, sleek lighting, and refined finishes throughout enhance the ambience of this airy light-filled home. Lounge and entertain in the generous open living/dining room with a backdrop of walls of corner windows overlooking cityscapes. The sunny high-end kitchen is well appointed for the chef with the top-grade materials and stainless steel appliances. The sizable bedroom is a peaceful retreat with abundant closet space, and the full impeccably tiled bathroom oozes modern style with a floating vanity, Toto toilet and oversized spa shower behind glass. Completed in 2009, The Orion is a striking 60-story glass tower featuring full-time doormen, award-winning concierge services, a live-in super, valet, cold storage facility, package room, maid and dry-cleaning services, central laundry, and an onsite parking garage. This sought-after luxury building also boasts 3 full floors of amenities affording access to a 8,200 sf fitness room by La Palestra, lap pool, sun decks, steam and sauna rooms, an expansive lounge area with screening room, well-equipped business center, children's playroom, and party/entertaining rooms. The convenient location on West 42nd Street between 8th & 9th Avenues is minutes from great shopping, dining, theater, and transportation with the A, C, E, D, 1, 2, 3, N, Q, R, S and 7 subway lines nearby. The Orion is pet, investment, and pied-a-terre friendly! *Capital Assessment =$64.09 (ongoing) / Assessment 2=$355.27 (Schedule to end June 2025) For investors, the monthly tax is $1435.16

Neighborhood Data

Neighborhood data shown for ZIP Code: 10036, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,094 (100%)
Owner Occupied HU	1,821 ( 8.2%)
Renter Occupied HU	17,192 (77.8%)
Vacant Housing Units	3,081 (13.9%)
Median Home Value	$1,328,629
Average Home Value	$1,335,710