400 E 56th St APT 17J, New York, NY, 10022 | 8.81% Rental Yield

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400 E 56th St APT 17J, New York, NY, 10022 | 8.81% 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 $5,573/mo, and a $3,715/mo payment. Purchase price stands at $759,000, and rental yield measures 8.81% with $5,573/mo rent. Return on cash invested shows 12.89% in year one, and 5% annual appreciation builds toward $209,698 over five years. Five-year ROI reaches 69.29% and total cumulative return in cash records $173,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,573/mo property income covering a $3,715/mo payment rather than investor’s personal income.

Condo

Built in 1968

N/A lot

$N/A/sqft

$1,997 monthly HOA

More details about the property

Welcome to Apartment 17J! Experience the charm of this spacious, renovated one-bedroom, one-and-a-half-bathroom apartment that truly has it all. It is not only priced competitively but also boasts very low maintenance costs. This bright unit features an oversized living room with northeast exposure, offering a flexible area perfect for dining or setting up a home office, along with a separate renovated kitchen. Additional highlights include an entry foyer with a closet, custom-designed closets, elegantly renovated bathrooms, stunning wood floors, and beautiful moldings throughout. The king-sized bedroom comes complete with two windows and three generous closets. Whether you''re in search of a wonderful new home or a pied--terre, Apartment 17J is your perfect choice! Plaza 400 is a full-service, white-glove co-op building in the Sutton area. Amenities include 24-hour door attendants, Concierge desk, outdoor seasonal heated pool/sundeck, new state-of-the-art fitness center, package room, discounted attended garage, 360 Skytop Clubroom( being renovated now) , a playroom, live-in and assistant supers, as well as a large central laundry room. Maintenance includes all utilities. 2% flip tax paid by the buyer. No washing machines and dryers are permitted in the apartments. Pets, Pied a Terre''s, guarantors, and co-purchasing permitted with board approval. Minimum of 30% down, Subletting allowed for 3 out of 5 years after a 1-year residency.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10022, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	27,279 (100%)
Owner Occupied HU	11,002 (40.3%)
Renter Occupied HU	11,015 (40.4%)
Vacant Housing Units	5,262 (19.3%)
Median Home Value	$1,223,949
Average Home Value	$1,331,078