








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in New York at 56 Pine St APT 6E, New York, NY, 10005 with 5% annual appreciation on a $410,000 basis while $3,955/mo rent supports operations. Total monthly income totals $3,955/mo and a $2,007/mo payment preserves $139/mo for cash returns. Annual cash flow comes to $1,666/yr on $135,915 deployed, and return on cash invested reaches 21.13% in year one. Equity gained on principal adds $2,646/yr, and five-year appreciation sums $113,275 alongside rental yield of 11.58%. Five-year ROI measures 113.5% and total cumulative return in cash totals $154,259.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,955/mo property income versus a $2,007/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1893
N/A lot
$N/A/sqft
$1,078 monthly HOA
Neighborhood data shown for ZIP Code: 10005, New York, NY area.
| 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 |
Residential
6,784
Single Family
3
Multi-Family
6,781
Businesses
676
Date | Event | Price |
|---|---|---|
| 2024-10-17 | Listed for sale | $410,000 |
| 2023-11-10 | Listing removed | N/A |
| 2023-10-12 | Price change | $410,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | N/A | N/A | $61,777 | 5.01% |
| 2022-11-11 | N/A | N/A | $58,827 | N/A |
| 2021-11-11 | N/A | N/A | $58,827 | -9.69% |



Listed by: Amedeo Pelin • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1667340