353 W 56th St APT 2H, New York, NY, 10019 | 9.19% Rental Yield

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353 W 56th St APT 2H, New York, NY, 10019 | 9.19% 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

Investment property for sale in New York at 353 W 56th St APT 2H, New York, NY, 10019 earns from $4,673/mo rent with a $2,986/mo payment. Total monthly income totals $4,673/mo. ROI tracks 17.77% on current figures, and rental yield reads 9.19% at a $610,000 purchase. Equity gained on principal adds $3,936/yr, and 5% annual appreciation supports $168,532 over five years. Five-year ROI reaches 94.14% and total cumulative return in cash sums $188,923. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,673/mo property income instead of your personal income.

Condo

Built in 1929

N/A lot

$N/A/sqft

$982 monthly HOA

More details about the property

This generous Studio apartment is enhanced by high (beamed) ceilings, hardwood floors, casement windows and a large walk-in closet, foyer closet as well as a Dressing-room an Closet 5'6 x 7's. There is also a separate windowed kitchen. Great value to create your perfect space. Enjoy the peaceful and quiet meticulously maintained "English Tea Garden" of Parc Vendome. This perfectly proportioned apartment is a sanctuary of elegance and style. The Parc Vendome is a full-service, pre-war, white-glove condominium with 24-hour doormen. Superbly located in New York City's most convenient, vibrant neighborhood close to Hell's Kitchen and a close proximity to Central Park, Lincoln Center, MoMA, the Theater District, Carnegie Hall, and other cultural attractions. The Time Warner Center, home to Equinox and Whole Foods, is just two blocks away. Easy access to Nordstrom's flagship, major food markets, and a multitude of restaurants with every cuisine imaginable. COMMON CHARGES:INCLUDE gas, water, electricity, and heat. There is an "ongoing" general assessment already INCLUDED in the common charges displayed. INVESTOR FRIENDLY: Building allows short-term leases (minimum 1 month). BUILDING AMENITIES: expansive private garden with fountain; two rooftop decks; billiard room; music room; club room; library; private dining room and banquet room, both with access to a catering kitchen; two newly-renovated laundry rooms; bike storage; package room; storage bins (for rent). Pets welcome!

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