40 Broad St APT 28H, New York, NY, 10004 | 4.22% Rental Yield

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40 Broad St APT 28H, New York, NY, 10004 | 4.22% 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 $4,748/mo, and a $6,608/mo payment. Purchase price stands at $1,350,000, and rental yield measures 4.22% with $4,748/mo rent. Return on cash invested shows 3.45% in year one, and 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 17.02% and total cumulative return in cash records $74,465. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,748/mo property income covering a $6,608/mo payment rather than investor’s personal income.

Condo

Built in 1986

N/A lot

$N/A/sqft

$1,390 monthly HOA

More details about the property

Welcome to THE SETAI @ 40 Broad St. 28H which offers luxurious living in the heart of the Financial District. Only half a block from New York Stock Exchange, around the corner from historic Stone Street, walking distance to Battery Park promenade, Pier 17 and South St. Seaport with an astonishing range of fine restaurants overlooking the East River. The Setai is centrally located and a short distance to major transportation including Path trains and Subway access to 2/3/4/5/A/E/J/Z/R/W, in addition to the South Street Ferries/Water Taxis, Fulton Street Station, the Oculus, Whole Foods and Lifetime Fitness. Unit 28H offers custom tiling and Brazilian walnut hardwood, 10-foot ceilings, kitchen with stone countertops & custom cabinetry, top of the line appliances & In-unit washer/dryer. Residents enjoy access to a private gym, Yoga room, billiard room, media room, kid's playroom, plus relaxation areas. The Setai features an incredible fitness center, concierge service, Lounge, one of the top-rated French-Asian steakhouses in NYC, roof terrace with amazing river views and Statue of Liberty.

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