50 Park Ave APT 5B, New York, NY, 10016 | 6.52% Rental Yield

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50 Park Ave APT 5B, New York, NY, 10016 | 6.52% 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 50 Park Ave APT 5B, New York, NY, 10016 listed at $730,000 pairs $3,966/mo rent with a $3,573/mo payment. Total monthly income runs $3,966/mo. Return on cash invested measures 7.53% in year one, and rental yield registers 6.52% at a $730,000 basis. Equity gained on principal adds $4,711/yr, and annual property appreciation at 5% supports $201,686 by year five. Five-year ROI tracks 39.98% and total cumulative return in cash totals $96,014. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,966/mo property income relative to a $3,573/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1940

N/A lot

$N/A/sqft

$1,599 monthly HOA

More details about the property

New to the market - A beautifully renovated and quiet one-bedroom, one-bath home in a full-service Park Avenue pre-war building. The very spacious foyer has a coat closet, and leads to the large living room boasting two exposures: two windows to the west and a large picture window facing north. Original architectural details have been preserved in the herringbone wood flooring and high beamed ceilings, while more recent built-ins blend perfectly in the space. The windowed kitchen has been renovated with custom cabinets, granite countertop, and stainless steel appliances. A separate hall with two large closets leads to the bedroom. This room also features a double exposure with windows facing west and north. The adjacent bathroom has a large stand-up shower and is in mint condition. The home features oversized Tilt-n-Turn windows, through-the-wall AC and lots of closets. Designed by George F. Pelham and completed in 1940, 50 Park Avenue is an extremely well run co-op with excellent financials. Ideally located on the corner of 38th Street, it neighbors the 19th-century Union League Club and Pierpont Morgan Library & Museum, while Grand Central and Bryant Park are just a few blocks away. There is a full-time doorman and live-in resident manager. Amenities include a beautifully maintained and furnished roof deck with views of the Chrysler and Empire State Buildings, a laundry room, bike room, and storage. 70% financing is allowed, as are pied-a-terre purchases. Pets are welcome.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032