








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 611 W 56th St #5E, New York, NY, 10019 offers a 3.73% rental yield on a $1,700,000 purchase with $5,284/mo rent. 33% in year one. Equity gained on principal adds $10,970/yr while 5% annual appreciation supports $469,679 over five years. Portfolio math shows five-year ROI at 5.88% and total cumulative return in cash at $32,371. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,284/mo property income against a $8,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
N/A lot
$N/A/sqft
$1,924 monthly HOA
Neighborhood data shown for ZIP Code: 10019, New York, NY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,231 (100%) |
| Owner Occupied HU | 4,717 (13.4%) |
| Renter Occupied HU | 24,438 (69.4%) |
| Vacant Housing Units | 6,076 (17.2%) |
| Median Home Value | $962,650 |
| Average Home Value | $1,201,466 |
Residential
31,630
Single Family
93
Multi-Family
31,537
Businesses
3,077
Date | Event | Price |
|---|---|---|
| 2024-11-07 | Listed for sale | $1,700,000 |
| 2024-04-10 | Listing removed | $1,850,000 |
| 2023-11-28 | Listed for sale | $1,850,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $33437.00 | N/A | $274,627 | 0.80% |
| 2022-02-13 | N/A | N/A | $272,441 | N/A |



Listed by: Gilad Azaria • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1743305