350 W 57th St APT 16H, New York, NY, 10019 | 9.31% Rental Yield

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350 W 57th St APT 16H, New York, NY, 10019 | 9.31% Rental Yield | 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 57th St APT 16H, New York, NY, 10019 generates $5,855/mo in rent, after a $3,695/mo payment. Total monthly income is $5,855/mo. Return on cash invested sits at 19.33% in year one, and rental yield is 9.31% on a $755,000 entry. Equity gained on principal adds $4,872/yr, while 5% annual appreciation builds toward $208,593 over five years. Five-year ROI reaches 102.04% and total cumulative return in cash sums $253,455. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,855/mo property income rather than buyer’s personal income.

Condo

Built in 1929

N/A lot

$N/A/sqft

$965 monthly HOA

More details about the property

Welcome to 16H at the Parc Vendome, a rarely available classic pre-war condo on west 57th street! This renovated South & East facing studio with open city views includes a separate home office or sleeping alcove which fits a queen sized bed. 512 SqFt (48 m2). Located 3 blocks from Central Park, Time Warner Center & Whole Foods, in the heart of New York's best shops, restaurants, entertainment, & health clubs. A gracious foyer leads to a 20 ft living room & separate windowed kitchen with stainless steel appliances & Poggenpohl cabinets. Original hard wood floors, impressive arches & large casement windows. Renovated bathroom. Excellent closet space with one huge walk-in plus 2 additional closets. Highly desirable, Landmarked, full-service building, designed by Farrar & Watmough, and built in 1929, with 24 hour Doorman, package delivery service, a concierge, an enormous, award-winning landscaped English tea garden for residents with fountain,12,000 square feet of entertainment facilities: Library, Billiard Room, Club Room, Card Room, Music Rooms, Dining Room & full Banquet Room with attached Catering Kitchen, 2 Roof-Top Sundecks, Laundry Room, Bike Room and Individual Storage Rooms, On-site 24 hour Security and Surveillance System. Pets allowed. Contact me today for a showing!

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