57 Reade St APT 14E, New York, NY, 10007 | 4.56% Rental Yield

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57 Reade St APT 14E, New York, NY, 10007 | 4.56% 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 57 Reade St APT 14E, New York, NY, 10007 earns from $4,522/mo rent with a $5,824/mo payment. Total monthly income totals $4,522/mo. ROI tracks 6.44% on current figures, and rental yield reads 4.56% at a $1,190,000 purchase. Equity gained on principal adds $7,679/yr, and 5% annual appreciation supports $328,775 over five years. Five-year ROI reaches 32.36% and total cumulative return in cash sums $124,780. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,522/mo property income instead of your personal income.

Condo

Built in 2010

N/A lot

$N/A/sqft

$1,051 monthly HOA

More details about the property

Wonderfully spacious studio apartment at Reade57 featuring an excellent 712sf layout, impressive Western views to the river and Freedom Tower, beautiful teak wood floors, and abundant natural light courtesy of the combination of high ceilings and two full walls of floor-to-ceiling windows in the living area. The open gourmet kitchen has elegant Caesarstone counters, great cabinet storage space and counter work space, and is outfitted with a stainless steel Liebherr refrigerator, a fully-integrated Bosch cook-top/oven, microwave, and a dishwasher. The bath is clad in limestone tilework flooring and walls and has a sleek back-lit vanity and a deep soaking tub. Enjoy great closet storage spaces throughout and there is an alcove office area in hallway which allows for the potential for layout variations. Additionally, the apartment has central air, a washer & dryer in unit for your convenience, and there is an additional storage unit included in the sale. *Stated Taxes include NYC Condominium Tax Abatement for a primary residence. Please verify eligibility at nyc.gov Reade57 at 57 Reade street is set in the heart of Lower Manhattan, as close to Tribeca as it is to Downtown, Soho, and the Village. Building amenities include a 24-hour doorman, live-in resident manager, a state-of-the-art fitness center, a landscaped private garden, residents lounge, and private bike and cold storage. Enjoy being immersed in fantastic dining, shopping, and nightlife options, with the 1/2/3/4/5/6/A/C/E/R/W trains all within a few blocks.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10007, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,044 (100%)
Owner Occupied HU	1,410 (28.0%)
Renter Occupied HU	3,001 (59.5%)
Vacant Housing Units	633 (12.5%)
Median Home Value	$1,607,143
Average Home Value	$1,583,307