411 E 57th St APT 15C, New York, NY, 10022 | $8,031/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

411 E 57th St APT 15C, New York, NY, 10022 | $8,031/mo Cash Flow | Ziffy

Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
1596 sft

350 Butler St APT 10B, Brooklyn, NY, 11217

1 Bed
1 Bath
680 sft

211 E 53rd St APT 5A, New York, NY, 10022

Currently Rented+ 1 more

3 Bed
4 Bath
2200 sft

36 Gramercy Park E #2SW, New York, NY, 10003

3 Bed
3 Bath
1771 sft

130 William St #51D, New York, NY, 10038

Nearby investment properties with comparable prices

1 Bed
1 Bath
485 sft

331 Grand St APT 2, Hoboken, NJ, 07030

- Bed
1 Bath
- sft

237 E 54th St APT 2B, New York, NY, 10022

1 Bed
1 Bath
- sft

420 E 51st St APT 10H, New York, NY, 10022

- Bed
1 Bath
- sft

166 E 35th St APT 14A, New York, NY, 10016

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New York at 411 E 57th St APT 15C, New York, NY, 10022 earns $8,031/mo cash flow from $11,923/mo rent with a $1,933/mo payment. Total monthly income totals $11,923/mo, and annual cash flow totals $96,367/yr on $130,943 capital. ROI tracks 93.5% on current figures, and rental yield reads 36.22% at a $395,000 purchase. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 over five years. Five-year ROI reaches 502.3% and total cumulative return in cash sums $657,726. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $11,923/mo property income instead of your personal income.

Condo

Built in 1959

N/A lot

$N/A/sqft

$1,255 monthly HOA

More details about the property

Highland Style in Sutton This extra-large alcove studio, with its lovely combination of vintage pieces merged with new furnishings, is comfortable and inviting. The separate kitchen space features cottage style cabinetry with mullion glass cabinets, new flooring, and crisp white appliances. With polished parquet floors, expansive wall of new windows, custom built-ins, and three generous closets, this warm and accessible home is ready for its new owner. Built in 1959, 411 East 57th Street is a full-service cooperative located within the dynamic Sutton neighborhood. The East River Esplanade is beautifully landscaped and provides a place to relax, watch the boats, and catch some of the best views of Brooklyn and Long Island City. Both Trader Joe's and Whole Foods are conveniently located and there is a resurgence of neighborhood restaurants. The amenities and services in the financially strong 411 East 57th Street include a 24 hour doorman, resident manager, panoramic roof deck, central laundry room, bike room, and individual storage units for rent. This pet friendly building allows pied-a-terre ownership, gifting and guarantors. 70% financing is permitted and there is no Flip Tax.

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