400 E 56th St APT 24C, New York, NY, 10022 | 9.21% Rental Yield

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400 E 56th St APT 24C, New York, NY, 10022 | 9.21% 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

Investment property for sale in New York at 400 E 56th St APT 24C, New York, NY, 10022 offers a 9.21% rental yield on a $999,999 purchase with $7,679/mo rent. 55% in year one. Equity gained on principal adds $6,453/yr while 5% annual appreciation supports $276,281 over five years. Portfolio math shows five-year ROI at 78.04% and total cumulative return in cash at $256,767. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,679/mo property income against a $4,895/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1968

N/A lot

$N/A/sqft

$2,512 monthly HOA

More details about the property

Experience luxury living in this stunning 2 bedroom, 1.5 bathroom residence, meticulously renovated to perfection. The pice de rsistance is the expansive balcony, offering breathtaking views of the iconic Empire State Building and Chrysler Building. Imagine sipping your favorite wine, that was chilled to perfection in the wine fridge, as you watch the sunset over the Manhattan skyline. Inside, the primary bathroom shines with elegance, featuring high-end Villeroy & Boch tiles. The second bedroom is a stylish retreat, boasting plush Missoni carpet and a show-stopping Phillip Jeffries wallpaper adorning the ceiling. This exceptional home is the epitome of sophistication, where every detail has been carefully considered to create a truly unforgettable living experience. Plaza 400 is a full-service co-op with Amenities that include a beautifully renovated lobby, 24-hour doorman, large fitness center, yoga/stretching studio, laundry, bicycle storage room, a security desk, concierge service, staffed package room with immediate electronic notification, and both a live-in super and live-in assistant super. The huge rooftop features a beautiful outdoor heated pool, and spectacular 360-degree views, with a party or game room, playroom, and tables and lounge chairs available for use upon request. Convenient to multiple subway lines and buses, restaurants, parks, and shopping. Utilities ARE included in the maintenance. 2% Flip Tax is paid by the buyer. Pieds-a-terre, guarantor, co-purchasing, or parents buying for children allowed. The general subletting policy is live for 3, then 3 out of 5 years, and is subject to board approval. The minimum down payment is 30%. Pet-friendly building and pets allowed. All information furnished herein is from sources deemed reliable. All information is submitted subject to errors, omissions, change of price, prior sale or lease, or withdrawal without notice. All dimensions are approximate. For exact dimensions, please hire your own architect or engineer.

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