516 W 47th St APT N7A, New York, NY, 10036 | $551/mo Cash Flow

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516 W 47th St APT N7A, New York, NY, 10036 | $551/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 516 W 47th St APT N7A, New York, NY, 10036 uses $327,355 cash to close to unlock $6,607/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $7,195/mo, and a $4,870/mo payment keeps the spread at $551/mo. Purchase price stands at $995,000, and rental yield measures 8.68% with $7,195/mo rent. Return on cash invested shows 22.08% in year one, and 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 115.08% and total cumulative return in cash records $376,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,195/mo property income covering a $4,870/mo payment rather than investor’s personal income.

Condo

Built in 2003

N/A lot

$N/A/sqft

No HOA

More details about the property

Brand new floors in this top-floor corner unit, 2 Bedroom | 2 Bathroom home with extra high ceilings at the Clinton West Condominium. The oversized windows have bright Northeastern exposure and city views. The open kitchen is outfitted with granite countertops with bar seating, a dishwasher, and stainless steel appliances. The King-size primary bedroom has an en-suite bathroom and a walk-in closet. The generously proportioned second bedroom can easily fit a Queen-size bed. Numerous storage options with four closets total. Clinton West Condo Amenities -Full-time Doorperson & Concierge -Fitness Center -Residents' Lounge -Common Furnished Courtyard -Laundry Rooms -Storage & Bike Storage (for additional fee, upon availability) -Pets Allowed -Investor, pied-a-terres allowed Midtown West offers some of the finest lifestyle and cultural highlights in the city, such as the Hudson River Park and the Theatre District. The weekly Farmers Market on Saturdays, Target, local food markets, and a multitude of fine dining establishments are all within close proximity. Clinton West Condo is near all the major transportation hubs and subway lines A, B, C, D, E, N, Q, R, 1, 2, 3, & S, Penn Station, Port Authority, Grand Central, West Side Highway, and NYC or NJ ferries.

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