56 Pine St APT 5B, New york, NY, 10005 | $2,608/mo Cash Flow

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56 Pine St APT 5B, New york, NY, 10005 | $2,608/mo Cash Flow | Ziffy

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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 56 Pine St APT 5B, New york, NY, 10005 earns $2,608/mo cash flow from $7,428/mo rent with a $2,668/mo payment. Total monthly income totals $7,428/mo, and annual cash flow totals $31,297/yr on $179,305 capital. ROI tracks 37.51% on current figures, and rental yield reads 16.36% at a $545,000 purchase. Equity gained on principal adds $3,517/yr, and 5% annual appreciation supports $150,573 over five years. Five-year ROI reaches 200.76% and total cumulative return in cash sums $359,964. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,428/mo property income instead of your personal income.

Condo

Built in 1893

N/A lot

$N/A/sqft

$1,180 monthly HOA

More details about the property

Welcome to Unit 5B at 56 Pine Street, a charming pre-war condo situated in the heart of the Financial District. This one-bedroom, one-bathroom residence offers a unique blend of classic character and modern comfort. As you step inside, you'll notice the 10 Ft high ceilings and oversized windows that allow for a steady flow of natural light, creating a warm and inviting atmosphere. The semi-closed kitchen features well-maintained appliances, granite countertops, and ample cabinet space, making it functional for everyday cooking. The living and dining area is thoughtfully laid out to accommodate both relaxation and entertaining. The bedroom provides a peaceful retreat with generous closet space, while the bathroom offers a clean, contemporary design with a soaking tub. 56 Pine Street offers residents the convenience of a 24-hour doorman, concierge services, fitness center, residents lounge, billiards room, media room, and convenient laundry facilities on every floor. Located just steps away from Wall Street, the South Street Seaport, and multiple subway lines, this home provides easy access to everything the city has to offer. Schedule your private viewing today! *Monthly Assessment of $211.71 currently in place, ending in December 2024 *Some images are virtually staged

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