406 W 46th St APT 4C, New York, NY, 10036 | 8.77% Rental Yield

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406 W 46th St APT 4C, New York, NY, 10036 | 8.77% 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 406 W 46th St APT 4C, New York, NY, 10036 listed at $695,000 pairs $5,077/mo rent with a $3,402/mo payment. Total monthly income runs $5,077/mo. Return on cash invested measures 12.61% in year one, and rental yield registers 8.77% at a $695,000 basis. Equity gained on principal adds $4,485/yr, and annual property appreciation at 5% supports $192,016 by year five. Five-year ROI tracks 67.83% and total cumulative return in cash totals $155,094. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,077/mo property income relative to a $3,402/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1910

N/A lot

$N/A/sqft

$1,856 monthly HOA

More details about the property

Welcome to Unit 4C at 406 West 46th Street - a sunny & spacious home in the heart of Hells Kitchen. This is a rare find - a move-in ready 2-bedroom gem in a terrific location at an amazing price! The alluring apartment offers wide-plank hardwood floors, large South-facing windows, high ceilings, and generous closet space. Unit 4C features... - Entry foyer with 2 spacious closets - Renovated & windowed kitchen - Renovated & windowed bathroom (with soaking tub) - Large primary bedroom (bring your king sized bed!) - Excellent closet space throughout + additional basement storage 406 West 46th Street is a beautifully maintained walk-up building. The pet-friendly coop allows co-purchases, gifting and has a flexible sublet policy. The building features a video intercom system and a basement with card-operated laundry, laundry supply storage, bike storage, storage cages, and a separate trash/recycling room. The building sits near the corner of 46th Street and 9th Avenue, moments from neighborhood highlights including: Schmakerys, Galaxy Diner, The Marshal, Amys Bread, and Anejo. The apartment is a very short distance to Broadway theaters, Restaurant Row, the Hudson River esplanade, and major transportation hubs at Times Square & Port Authority Bus Terminal. Reach out for an appointment today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10036, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,094 (100%)
Owner Occupied HU	1,821 ( 8.2%)
Renter Occupied HU	17,192 (77.8%)
Vacant Housing Units	3,081 (13.9%)
Median Home Value	$1,328,629
Average Home Value	$1,335,710