400 W 58th St APT 5G, New York, NY, 10019 | 6.6% Rental Yield

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400 W 58th St APT 5G, New York, NY, 10019 | 6.6% 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 W 58th St APT 5G, New York, NY, 10019 offers a 6.6% rental yield on a $665,000 purchase with $3,658/mo rent. 67% in year one. Equity gained on principal adds $4,291/yr while 5% annual appreciation supports $183,727 over five years. Portfolio math shows five-year ROI at 40.78% and total cumulative return in cash at $89,227. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,658/mo property income against a $3,255/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1957

N/A lot

$N/A/sqft

$1,476 monthly HOA

More details about the property

Welcome to 400 West 58th Street Owners Corp a charming 1-bedroom Coop in the heart of Midtown Manhattan! This sunny, well-maintained unit features hardwood floors throughout, beautiful granite countertops and stainless steel appliances in the kitchen. The spacious layout offers ample natural light, creating a warm and inviting atmosphere. Enjoy the convenience of a live-in super, laundry facilities in the building, and a Butterfly virtual doorman system for added security and convenience. Storage is available on a waitlist basis. This building offers flexibility for buyers, as pied-a-terre, pets, co-purchasing, and gifting are all allowed! Subletting is also permitted after 5 years. The building has a 2% flip tax based on the sale price. Located in a prime spot, this apartment is just steps away from some of New York City's most sought-after locations, including Central Park, Lincoln Center, Broadway theaters, and the Time Warner Center. Public transportation is easily accessible with nearby subway lines (A, C, E, N, Q, R, and W) and the Midtown Bus Terminal. With shopping, dining, and entertainment at your doorstep, this location offers an unmatched urban lifestyle. Dont miss your chance to own this lovely apartment in one of the most vibrant neighborhoods in NYC!

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