55 Wall St APT 602, New York, NY, 10005 | 9.55% Rental Yield

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55 Wall St APT 602, New York, NY, 10005 | 9.55% 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 55 Wall St APT 602, New York, NY, 10005 priced at $999,000 pairs $7,951/mo rent with after a $4,890/mo payment. Total monthly income equals $7,951/mo. Return on cash invested is 11.54% in year one, and rental yield stands at 9.55% on a $999,000 basis. Equity gained on principal adds $6,446/yr, and 5% annual appreciation accumulates to $276,005 by year five. Five-year ROI measures 63.36% and total cumulative return in cash reaches $208,238. For financing, Ziffy Mortgage’s DSCR program evaluates $7,951/mo property income against a $4,890/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1836

N/A lot

$N/A/sqft

$2,558 monthly HOA

More details about the property

Live in timeless luxury at The Cipriani Club Residences, a historic Beaux-Arts landmark at 55 Wall Street. Unit 602 blends classic elegance with modern sophistication, featuring white oak herringbone floors, 10-foot ceilings, and an open layout with oversized windows. The chefs kitchen boasts Calacatta marble, a center island, and premium appliances with custom paneled cabinetry. The expansive primary suite includes a bonus room ideal for a home office or dressing area, plus a spa-like marble bath with soaking tub, glass-enclosed shower, and custom vanity. A powder room, in-unit washer/dryer, and central A/C add convenience. Residents enjoy white-glove service, 24-hour doorman, a rooftop deck, bi-level fitness center, and exclusive access to the Cipriani Clubs private lounge, wine cellar, theater, and more. Located in the heart of the Financial District, close to Battery Park, luxury shopping, fine dining, and top transportation options. Make your home in a building steeped in New York City history.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10005, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,939 (100%)
Owner Occupied HU	858 (12.4%)
Renter Occupied HU	4,911 (70.8%)
Vacant Housing Units	1,170 (16.9%)
Median Home Value	$1,555,556
Average Home Value	$1,549,382