350 W 53rd St APT 2I, New York, NY, 10019 | $983/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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350 W 53rd St APT 2I, New York, NY, 10019 | $983/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 53rd St APT 2I, New York, NY, 10019 generates $6,564/mo in rent and, after a $3,402/mo payment, leaves $983/mo in cash flow. Total monthly income is $6,564/mo, and annual cash flow is $11,791/yr on $228,655 invested. Return on cash invested sits at 25.22% in year one, and rental yield is 11.33% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 133.71% and total cumulative return in cash sums $305,742. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,564/mo property income rather than buyer’s personal income.

Condo

Built in 2005

N/A lot

$N/A/sqft

$940 monthly HOA

More details about the property

THE APARTMENT: If you are in search of a studio that transcends the notion of an apartment and embodies the essence of a home, then your quest concludes with apt. 2-I at The Lumiere Condominiums. This boutique full-service building, nestled on a meticulously maintained tree-lined street, offers an exclusive living experience in the most coveted area of Hell's Kitchen. A studio rarely boasts a perfectly sized foyer with an adjacent coat closet upon entry, and that is just the beginning. As you step further into the home, you'll discover a laundry closet equipped with a washer/dryer and ample space for storage above, ensuring your daily chores are a breeze. A luxurious soaking tub, shower door, and other well-appointed fixtures in this upgraded bathroom offer a spa-like experience. Storage is abundant in the apartment; there is a walk-in closet in the home and a separate storage bin in the basement. The enclosed kitchen is a cook's dream, with a generous marble countertop to prep, stainless steel appliances, and wenge wood cabinetry. The living/sleeping area is serene and accentuated by south-facing, floor-to-ceiling windows, now custom-outfitted with Hunter Douglas shades for your comfort. Central air-conditioning, bamboo flooring throughout, and a private balcony overlooking the Zen Garden complete the home, ensuring a calm and comfortable living environment. This listing has been digitally staged for your viewing pleasure. >THE BUILDING: The Lumiere Condominium features a 24hr doorman, live-on Super and a porter on staff. Amenities include a workout room and a Zen Garden with benches highlighted by a soothing faux waterfall. There is also cold storage for online grocery shopping.

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