529 W 42nd St APT 5R, New York, NY, 10036 | $2,568/mo Cash Flow

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529 W 42nd St APT 5R, New York, NY, 10036 | $2,568/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 529 W 42nd St APT 5R, New York, NY, 10036 listed at $799,000 pairs $7,904/mo rent with a $3,911/mo payment to leave $2,568/mo cash flow. Total monthly income runs $7,904/mo, and annual cash flow reaches $30,817/yr on $262,871 cash to close. Return on cash invested measures 31.78% in year one, and rental yield registers 11.87% at a $799,000 basis. Equity gained on principal adds $5,156/yr, and annual property appreciation at 5% supports $220,749 by year five. Five-year ROI tracks 167.14% and total cumulative return in cash totals $439,374. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,904/mo property income relative to a $3,911/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1912

N/A lot

$N/A/sqft

No HOA

More details about the property

Spanning approximately 1,100+/- square feet with soaring 12-foot ceilings, this oversized one-bedroom at The Armory, combines dramatic loft proportions with modern upgrades and full-service living. With southern exposure and unobstructed views of Hudson Yards, the home is bathed in natural light throughout the day. The expansive living and dining area is anchored by a striking two-tier island in African mahogany and cultured marble, complemented by high-gloss rosewood cabinetry and a premium Thermador appliance suite that includes a six-burner range, microwave drawer, refrigerator, wine cooler, and dishwasher. The spa-inspired bathroom offers a deep soaking tub, separate standing shower, floating vanity, linen closet, and private water closet. The king-size bedroom features a generous walk-in closet, while the residence provides multiple additional closets throughout, ensuring exceptional storage. The Armory is a well-established condop with flexible ownership policies: live/work, subletting, gifting, co-purchasing, pied--terres, and pets are all permitted with board approval. Amenities include laundry on every floor, a landscaped rooftop deck, bike room, storage, a beautifully designed lobby, full-time staff, and a live-in superintendent. For added value, the hallways are currently being completely renovated, and the building assessment has been PAID IN FULL by the seller. Located at the crossroads of Hudson Yards, the Theater District, Midtown, and the Hudson River waterfront, this residence offers not only space and style but also effortless access to Manhattans most dynamic cultural and culinary destinations.

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