517 W 29th St APT 3D, New York, NY, 10001 | 4.54% Rental Yield

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517 W 29th St APT 3D, New York, NY, 10001 | 4.54% 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

Rental property for sale in New York at 517 W 29th St APT 3D, New York, NY, 10001 generates $5,656/mo in rent, after a $7,317/mo payment. Total monthly income is $5,656/mo. Return on cash invested sits at 9.65% in year one, and rental yield is 4.54% on a $1,495,000 entry. Equity gained on principal adds $9,647/yr, while 5% annual appreciation builds toward $413,041 over five years. Five-year ROI reaches 48.38% and total cumulative return in cash sums $234,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,656/mo property income rather than buyer’s personal income.

Condo

Built in 2021

N/A lot

$N/A/sqft

No HOA

More details about the property

*INTRODUCING 517 WEST 29TH STREET a collection of 60 condominium residences nestled in the heart of Chelseas High Line district.* Closings & Occupancy Have Commenced! *RESIDENCE FEATURES:* 10.5-foot loft height ceilings Kitchen Cabinets by bespoke Italian designers Uno Contract Full Suite of Miele Appliances Vented Miele 36 Slide Out Range Hood Honed Arabescato Bluette Marble Countertops LED Track Lighting Throughout Wood Floor Planks are 6" Wide Russian White Oak Plank Bathroom and Shower Fixtures by Waterworks Showers with Allure Gray Marble Tile and 5 ft. Linear Infinity Drains Bathroom Walls Wrapped in Pelle Grigio Vein Marble Tiles Vanity Cabinets by Uno Contract with Calacatta Lincoln Marble LG Washer 4.5 cu ft Ultra Large Capacity Smart Wi-Fi enabled LG Dryer 7.4 cu ft Smart Dryer - Vented *517 WEST 29TH STREET:* Full-Time Attended Lobby Residence Wi-Fi Lounge designed by Jonathan Adler Fully Equipped Sunlit Fitness Center Landscaped Courtyard with BBQ and Lounge & Dining Seating Roof Deck featuring a Sun Deck with River Views Indoor & Outdoor Garage Parking Available For Purchase 517 West 29th Street is a striking new condominium project that redefines luxury living. Designed for those who appreciate sophisticated urban living, this 60-unit condominium offers an exceptional blend of modern design, premium amenities, and an unbeatable location moments from the High Line, Hudson Yards, and world-class dining, shopping, and culture. The complete offering terms are in an Offering Plan available from Sponsor. File No. CD24-0168. Sponsor: Project 29 West Chelsea, LLC, 450 West 14th Street, 9th Floor, New York, NY 10014. Property Address: 517-523 West 29th Street, New York, New York 10001.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10001, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	19,863 (100%)
Owner Occupied HU	3,468 (17.5%)
Renter Occupied HU	13,783 (69.4%)
Vacant Housing Units	2,612 (13.2%)
Median Home Value	$797,546
Average Home Value	$997,143