433 E 56th St APT 1B, New York, NY, 10022 | 7.3% Rental Yield

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433 E 56th St APT 1B, New York, NY, 10022 | 7.3% Rental Yield | Ziffy

For Sale

Fix & Flip

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 433 E 56th St APT 1B, New York, NY, 10022 offers a 7.3% rental yield on a $670,000 purchase with $4,074/mo rent. 74% in year one. Equity gained on principal adds $4,323/yr while 5% annual appreciation supports $185,109 over five years. Portfolio math shows five-year ROI at 41.9% and total cumulative return in cash at $92,357. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,074/mo property income against a $3,279/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1967

N/A lot

$N/A/sqft

$1,863 monthly HOA

More details about the property

BRING YOUR CONTRACTOR AND MAKE THIS 900+SF CONVERTIBLE TWO BEDROOM YOUR OWN!! 1B has low maintenance, great living space and a garden view. It is located in The George, a boutique coop with two common outdoor spaces, an enclosed backyard and a new magnificent roof garden. (see video) 1B is a bright north facing home with tree top backyard views and a warm, open loft-like feel. The spacious primary bedroom is large enough for a king-sized bed and two dressers. There is potential for a windowed second bedroom/home office/nursery large enough for a queen bed. 1Bs features include energy rated windows, hardwood floors and plenty of storage with wall-to-wall closets in the hall, and two extra large closets in the primary bedroom. Bright northern exposure enhances this peaceful, comfortable residence. The George is a white glove, full-service boutique Cooperative which permits 75% financing. The amenities include a fitness room, a large backyard garden, a roof deck, bike and general storage. It was built in 1968 as one of the first environmentally progressive all-electric buildings, each apartment has a hot water heater and separate HVAC units in every room. Electricity is purchased in bulk at a discount. SUBLETTING PERMITTED WITH BOARD APPROVAL The George is perfectly situated in the desirable Sutton community on a residential tree lined street. Close by are parks along Sutton Place and the new East River Greenway. Great shopping such as Trader Joe's, Whole Foods are in this neighborhood, as well as wonderful restaurants and public transportation. Pied-a-terre friendly. Sorry, no pets allowed. Please call me to schedule your private viewing.

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