408 W 57th St APT 10J, New York, NY, 10019 | $1,194/mo Cash Flow

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408 W 57th St APT 10J, New York, NY, 10019 | $1,194/mo Cash Flow | 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 408 W 57th St APT 10J, New York, NY, 10019 listed at $499,000 pairs $4,526/mo rent with a $2,442/mo payment to leave $1,194/mo cash flow. Total monthly income runs $4,526/mo, and annual cash flow reaches $14,329/yr on $165,419 cash to close. Return on cash invested measures 28.57% in year one, and rental yield registers 10.88% at a $499,000 basis. Equity gained on principal adds $3,220/yr, and annual property appreciation at 5% supports $137,865 by year five. Five-year ROI tracks 149.95% and total cumulative return in cash totals $248,046. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,526/mo property income relative to a $2,442/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1957

N/A lot

$N/A/sqft

No HOA

More details about the property

Large Penthouse Studio! Top Floor! Citi Quiet windows installed Hardwood floors UNLIMITED SUBLET AFTER 2 YEARS Large North Facing studio Almost 500sqft! This amazing studio features hardwood floors, through wall AC and a great kitchen featuring a Dishwasher and quartz countertops. The apartment has two large closets and a dressing room area and a large bathroom. The open views to the North give you a great skyline view. The Geneva is a financially stable Coop with FULL TIME doorman and live in Super, The air conditioned lobby has recently been beautifully renovated and the laundry room has been renovated with new machines, that even features a special LG standing clothes steamer and dryer for all residents. There is an onsite garage, as well as onsite management. There is also storage and a bike room subject to availability. This Prime location is just a short walk to Central Park as well as easy access to subway lines 1/A/C/B/D/E/N/R/Q/W. The neighborhood features, great restaurants in Hells Kitchen as well as a Whole foods and Target just 5min walk away. Building Amenities: Full Time Doorman Elevator AC lobby Laundry room Live in Super On site managment Parking Garage Storage Bike Room Building allows Co Purchasing Guarantors Pied a Terre 80% financing Cats but no Dogs UNLIMITED SUBLET after 2 years of ownership Sqft is approx

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