57 Reade St APT 4A, New York, NY, 10007 | 4.03% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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57 Reade St APT 4A, New York, NY, 10007 | 4.03% 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 57 Reade St APT 4A, New York, NY, 10007 priced at $1,399,000 converts $4,698/mo rent into after a $6,847/mo obligation. Total monthly income equals $4,698/mo. Return on cash invested prints 8.08% in year one, and rental yield reads 4.03% against a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation compiles into $386,518 by year five. Five-year ROI reaches 39.95% and total cumulative return in cash sums $181,085. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,698/mo property income covering a $6,847/mo payment, not borrower’s personal income.

Condo

Built in 2010

N/A lot

$N/A/sqft

No HOA

More details about the property

This beautiful and serene home offers 857 square feet of elegant, modern design in one of Tribecas most coveted, boutique full-service buildings. This oversized one-bedroom, one-and-a-half-bath home balances style and functionality with high-end finishes and a smart, open layout. Floor-to-ceiling windows bring in excellent natural light, illuminating warm teak flooring and clean architectural lines. The open chefs kitchen features stainless steel appliances, European cabinetry, a custom tile backsplash, and a large breakfast bar perfect for casual dining or entertaining. The king-size primary suite is a quiet retreat with a walk-in closet and a spa-quality bath clad in limestone and polished marble. A separate powder room with Calacatta marble floors is ideal for guests. Additional comforts include an in-unit washer/dryer and central air conditioning. Reade57 is a full-service condominium with a 24-hour doorman, live-in superintendent, fitness center, and landscaped garden. Located at the crossroads of Tribeca, FiDi, and Civic Center, youre moments from world-class restaurants, retail, and every major subway line.

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