352 W 56th St APT 2A, New York, NY, 10019 | 9.38% Rental Yield

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352 W 56th St APT 2A, New York, NY, 10019 | 9.38% 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

Total monthly income runs $4,496/mo, and a $2,814/mo payment. Purchase price stands at $575,000, and rental yield measures 9.38% with $4,496/mo rent. Return on cash invested shows 17.54% in year one, and 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 93.17% and total cumulative return in cash records $176,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,496/mo property income covering a $2,814/mo payment rather than investor’s personal income.

Condo

Built in N/A

N/A lot

$N/A/sqft

$1,054 monthly HOA

More details about the property

Open House by Appt Only Welcome to 352 West 56th Street Apt 2A Investor friendly and can rent out from day one. This gut renovated loft-style 2 room studio with condo-like finishes boast 9.4 ft ceilings and measuring over 550 square feet. The chef window kitchen features Calacatta Marbella Quartz countertops, Calacatta subway tile backsplash, modern cabinets with lots of storage, stainless steel appliances and a deep kitchen sink with spray faucet. The apartment features: skim-coated walls for a sleek and contemporary look, Oak resilient wide plank flooring, recess lighting with dimmers and a brand new electrical system. The window bathroom has all new Calacatta tiles on the walls and floors and a glass shower door. The north facing living space can easily fit a queen size bed, sofa, coffee table, desk and entertainment system. The apt has a lot of closet space and over head storage. The building has laundry in the basement and a superintendent who has been with the building for over 15 years. Easy Co-op Board Approval. Unlimited Sublet policy without a percentage fee. Pied-A-terres are OK. No Flip Tax. NOTE: There is an ongoing $48.33 assessment which is included in the monthly maintenance. Just a short distance to Central Park, Time Warner Center, Lincoln Center and tons of day and night entertainment. Trains A,C, B, D, 1, N & R and buses M11, M57, M31, M20, M104. This is an ideal location for anyone who likes access to get to all the city points. #mrmidtownwest

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