FOR_SALERisky Deal170 days on market

217 W 57th St #127/128

217 W 57th St #127/128, New York, NY 10019, New York, NY 10019
$128,000,000

Listing Price

Property image 1
217 W 57th St #127/128, New York, NY 10019
Loc: New York, NY
Days Listed
170
Rent Estimate
$7,106/mo
Est. Cash Flow base
Type
condo

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

5

Ps 111 Adolph S Ochs

PK-5
0.4 mi away
4

Middle 297

6-8
2.8 mi away
6

High School for Environmental Studies

9-12
0.4 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
-1.14%
Total ROI
-16.0%
Cash Flow
$-768,942/mo
DSCR
-0.19
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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2025-11-10Price change$128,000,000$11,097
2024-04-17Listed for sale$150,000,000$13,004
2021-11-19Listing removed$0
2021-08-11Listed for sale$150,000,000$13,004
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
8
Baths
10
Sq Ft
11,535
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $128,000,000Rent Basis: Observed Comp Model ($7,106/mo)State Tax Benchmark: 1.72% (NY)Hazard Reserve: $37,333/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
-2.02%

NOI: $-2,583,937/yr

Cash-on-Cash Yield
-35.8%

On $29,440,000 invested

DSCR Ratio
-0.32x

Negative debt coverage

5-Yr Leveraged ROI
+-85.0%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (1.72% of basis)-$183,467/mo
Homeowner / Hazard Insurance-$37,333/mo
Vacancy Reserve (5% of rent)-$355/mo
Repairs & Maintenance (10% of rent)-$711/mo
Property Management (8% of rent)-$568/mo
Total Pure Operating Expenses-$222,434/mo
Net Investor Cash Flow
Gross Scheduled Rent+$7,106/mo
Less: Operating Expenses-$222,434/mo
Net Operating Income (NOI)+$-215,328/mo
Less: Debt Service (30yr @ 6.75%)-$664,164/mo
Net Cash Flow
$-879,492/mo
$-10,553,910/year
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