540 W 49th St APT 506N, New York, NY, 10019 | 4.4% Rental Yield

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540 W 49th St APT 506N, New York, NY, 10019 | 4.4% 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 540 W 49th St APT 506N, New York, NY, 10019 offers a 4.4% rental yield on a $1,350,000 purchase with $4,950/mo rent. 22% in year one. Equity gained on principal adds $8,711/yr while 5% annual appreciation supports $372,980 over five years. Portfolio math shows five-year ROI at 46.06% and total cumulative return in cash at $201,473. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,950/mo property income against a $6,608/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2015

N/A lot

$N/A/sqft

No HOA

More details about the property

FIRST OPEN HOUSE - SUNDAY 8/17 12:00-1:30PM Welcome to the epitome of modern living at 540 West 49th Street, a top-tier luxury condominium located in the heart of vibrant Hell's Kitchen. This exquisite 2-bedroom, 2-bathroom home exudes sophistication with its dynamic glass and steel facade. Enjoy the serenity of a tranquil, south-facing home nestled on a high floor, looking into the building's furnished, planted courtyard, and offering a consistent flood of natural light through the grand floor-to-ceiling windows. The open layout seamlessly integrates the contemporary kitchen into the living area, creating an ideal space for entertainment. The sleek white open island kitchen features a Silverstone quartz counter top, imported Italian cabinetry, Bertazzoni gas range and oven, integrated ultra quiet dishwasher and integrated Liebherr refrigerator. The bedrooms are thoughtfully arranged on opposite ends of the apartment, ensuring privacy. The primary bathroom is equipped with a dual sink vanity, and is conveniently located en-suite. Additional home features include beautiful hardwood floors and an in-unit washer and dryer. The building offers an array of top-notch amenities that cater to a variety of lifestyles. Enjoy the 24-hour full-service attended lobby, unwind in the beautifully landscaped 6,000-square-foot courtyard, or take in the city views from the furnished, landscaped roof deck. Fitness enthusiasts will appreciate the fitness center, while cyclists will benefit from the bicycle storage. Pet owners can pamper their furry friends at the pet spa. Situated minutes away from the bustling Midtown business district and the C/E subway station, this location is a dream come true for city dwellers. Immerse yourself in the city's rich culture with nearby restaurants, cafes, Broadway theaters, and bars. This home is also an excellent choice for out-of-town visitors seeking a convenient base to enjoy all that New York City has to offer. Don't miss the opportunity to view this stunning home. Schedule your appointment today! * Photos have been virtually staged.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10019, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,231 (100%)
Owner Occupied HU	4,717 (13.4%)
Renter Occupied HU	24,438 (69.4%)
Vacant Housing Units	6,076 (17.2%)
Median Home Value	$962,650
Average Home Value	$1,201,466