40 Broad St APT 26E, New York, NY, 10004 | $590/mo Cash Flow

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40 Broad St APT 26E, New York, NY, 10004 | $590/mo Cash Flow | 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

Investment property for sale in New York at 40 Broad St APT 26E, New York, NY, 10004 listed at $820,000 pairs $6,065/mo rent with a $4,013/mo payment to leave $590/mo cash flow. Total monthly income runs $6,065/mo, and annual cash flow reaches $7,076/yr on $269,780 cash to close. Return on cash invested measures 22.68% in year one, and rental yield registers 8.88% at a $820,000 basis. Equity gained on principal adds $5,291/yr, and annual property appreciation at 5% supports $226,551 by year five. Five-year ROI tracks 118.33% and total cumulative return in cash totals $319,223. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,065/mo property income relative to a $4,013/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1986

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautiful 1-bedroom, 1-bathroom residence offering 771 square feet of thoughtfully designed living space. This elegant home features soaring ceilings and oversized windows that flood the interior with natural light. The spacious U-shaped kitchen is a culinary dream, boasting black granite countertops and backsplashes, custom cabinetry, and premium appliances including a Sub-Zero refrigerator/freezer, Miele cooktop, oven, and dishwasher-perfect for even the most discerning chef. The well-proportioned living area and serene primary bedroom offer both comfort and style. The spa-like en-suite bathroom is outfitted with a luxurious five-piece Kohler set, double vanity sinks, and a hotel-inspired design, creating a peaceful, high-end retreat. Rich Brazilian walnut flooring with Basaltito black granite borders adds an elegant finishing touch, and the in-unit Bosch washer/dryer offers added convenience. Originally built in 1986 and beautifully renovated in 2006, 40 Broad Street is a premier full-service condominium in the heart of the Financial District. Amenities include a striking two-story lobby, a fully equipped fitness center, a resident lounge, and a furnished rooftop terrace with stunning city views. Perfectly positioned near major transportation hubs, you're just moments from the 2/3/4/5/A/C/E/J/Z/R/W subway lines, the Fulton Street Station, Oculus, and the South Street ferries and water taxis.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10004, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,589 (100%)
Owner Occupied HU	383 (14.8%)
Renter Occupied HU	1,792 (69.2%)
Vacant Housing Units	414 (16.0%)
Median Home Value	$1,496,988
Average Home Value	$1,488,773