200 W 56th St #2212 · New York, NY 10019

$9,800

1 bd · 1.0 ba · 750 sqft · Condo · 539 Days on market

Built 1925 $254/mo HOA · 4% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +5.0/10.0
• Livability +3.8/5.0
• Rent growth +3.6/5.0
• Condition / age +2.5/5.0

Listing remarks

Own a slice of Manhattan with this fully deeded condominium TIME SHARE! One week, (7 weekdays per year). This 1 bedroom 1 bath suite is centrally located at The Manhattan Club. You decide when to use (by night, over 2-3 weekends or full week), OR trade-in once a year for an exclusive destination in the world. Perhaps you have a dream to fulfill on your bucket list? The Manhattan Club features private key elevators, high ceilings, large quiet windows with city views, contemporary furnishings, refrigerator, d/w, microwave, Bose stereo, plasma TV's, extra sleeping. Approx. 750 sq ft. Marble baths stocked with terry robes & towels & wonderful toiletries for pampering. Many amenit

Key facts

• Marble bathrooms
• City views
• Midtown location

Tags

• DEEDED CONDOMINIUM
• CITY VIEWS
• MARBLE BATHROOMS
• UPDATED FITNESS CENTER
• MIDTOWN LOCATION

Property features AI

Finance

• Other: Building contains 290 total units
• HOA & community: Monthly association fee of $254; Pets allowed (case by case)

Exterior

• Parking: Building has a garage
• Security: Concierge service
• Utilities: Zoning: C6-6
• Home design: Condo unit in a 30-story building; Entry at level 22; Exposures to the east, north, south and west
• Construction: The Manhattan Club building; Elevator access
• Exterior features: No notable exterior features listed; Unit has views

Interior

• Bedrooms: Total of 2 rooms (bedroom and living space)
• Bathrooms: 1 full bathroom
• Interior features: Building laundry available
• Laundry & utility: Laundry facilities in the building

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $10k.

Deal economics

• At list price, monthly cash flow is $5k ($61k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($7k rent vs $10k).
• Recommended offer: $9k (12.0% below list) — sets the bar for market timing.
• Cap rate 627.4% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising fast (+4.2%/yr); 538 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 4,467 units permitted in New York County in 2024 (4,463 in 5+ unit buildings).
• At $6,828/mo this rent would consume 64% of the median local household income ($129k/yr) (locally 3795% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $422 of equity ($68 loan paydown + $354 appreciation (3.6% local appreciation)).
• New York County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.6% appreciation + 4.2% rent growth), your $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 539 days — a 12% lower offer ($9k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $8,624 (12.0% below list)

Questions for the listing agent

1. It's been on market 539 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 69.68% ✓
• Cap rate: 627.44%
• Cash-on-cash: 2218.39%
• DSCR: 99.71
• GRM: 0.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.61% appreciation · 4.25% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 122.55×
• Total profit: $333,537
• Equity at exit: $4,746

10-year hold

• IRR: —
• Equity multiple: 273.51×
• Total profit: $747,760
• Equity at exit: $7,589

Cash invested: $2,744 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 10019

• Home prices YoY: 1.5%
• Rents YoY: 4.2%
• Active inventory: 538
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $6,828 high
• Mortgage (P&I): −$51
• Tax est. 1.5%: −$12 /mo · $147/yr
• Insurance: −$4
• HOA: −$254
• Vacancy / Maint / Mgmt: −$1,434
• Net cashflow: $5,073

Break-even live

Break-even rent $407

Max offer price $9,800

Occupancy floor 21%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $2,450
• Closing costs: $294
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
150 W 56th St New York, NY	1.0	1.5	920	$8,995	$9.78	15d	2	0.08mi
254 W 54th St Unit 1026635P New York, NY	1.0–2.0	1.0–2.0	860	$8,040	$9.34	8d	2	0.15mi
160 Central Park S New York, NY	1.0–3.0	1.5–3.5	1578	$10,000	$6.34	2d	9	0.16mi
160 Central Park S New York, NY	1.0–3.0	1.0–3.5	1550	$9,250	$5.97	7d	9	0.16mi
160 Central Park S New York, NY	1.0–3.0	1.0–3.5	1550	$7,500	$4.84	8d	10	0.16mi
77 W 55th St Unit 15H New York, NY	1.0	1.0	750	$4,900	$6.53	22d	1	0.21mi
55 W 55th St Unit 9AA New York, NY	2.0	1.5	1000	$6,000	$6.00	20d	1	0.27mi
40 W 55th St Unit 5D New York, NY	2.0	2.5	1070	$6,500	$6.07	24d	1	0.29mi
250 W 50th St New York, NY	2.0	1.0–2.0	784	$5,866	$7.48	8d	1	0.33mi
15 W 55th St #736 New York, NY	2.0–3.0	1.0–2.0	1250	$8,550	$6.84	2d	2	0.33mi
311 W 50th St #228 New York, NY	2.0	1.0–2.0	669	$6,470	$9.67	8d	3	0.34mi
1600 Broadway #697 New York, NY	1.0–2.0	1.0	900	$5,810	$6.46	24d	3	0.37mi
235 W 48th St #1400 New York, NY	2.0	1.0–2.0	687	$6,270	$9.12	8d	3	0.39mi
754 9th Ave Unit 1017471P New York, NY	1.0	1.0	538	$7,284	$13.54	8d	1	0.39mi
500 W 56th St #116 New York, NY	2.0	1.0–2.0	680	$6,190	$9.10	8d	3	0.50mi
18 W 48th St Unit 670 New York, NY	1.0	1.0	631	$7,730	$12.25	8d	1	0.51mi
550 W 54th St Unit 1243 New York, NY	1.0–3.0	1.0–2.0	913	$6,270	$6.86	8d	3	0.60mi
70 W 45th St #1131 New York, NY	1.0–2.0	1.0–2.0	902	$5,990	$6.64	8d	2	0.60mi
117 E 57th St New York, NY	1.0	1.0	732	$5,975	$8.16	5d	2	0.63mi
123 E 54th St #1251 New York, NY	1.0–2.0	1.0	600	$5,210	$8.68	2d	2	0.64mi
303 Park Ave #2321 New York, NY	1.0	1.5	808	$14,500	$17.95	7d	1	0.68mi
303 Park Ave #2203 New York, NY	1.0	1.5	796	$13,500	$16.96	8d	1	0.68mi
150 E 57th St New York, NY	5.0	1.0–7.5	2750	$10,504	$3.82	2d	5	0.72mi
21 W End Ave New York, NY	2.0–3.0	2.0	750	$8,995	$11.99	24d	2	0.74mi
155 W 68th St Unit 18-10 New York, NY	—	1.0	545	$4,550	$8.35	24d	1	0.76mi
101 W End Ave #950 New York, NY	1.0–2.0	1.0–2.0	814	$6,770	$8.32	1d	2	0.80mi
400 W 61st St New York, NY	4.0	1.0–4.0	1567	$15,016	$9.58	1d	48	0.80mi
400 W 63rd St New York, NY	2.0	1.0–2.0	874	$7,477	$8.55	1d	11	0.81mi
622 11th Ave Unit 404 New York, NY	2.0	2.0	810	$7,300	$9.01	8d	1	0.82mi
622 11th Ave Unit 1301 New York, NY	2.0	2.0	810	$7,525	$9.29	8d	1	0.82mi
622 11th Ave Unit 904 New York, NY	2.0	2.0	810	$7,475	$9.23	8d	1	0.82mi
622 11th Ave Unit 701 New York, NY	2.0	2.0	810	$7,400	$9.14	8d	1	0.82mi
622 11th Ave Unit 601 New York, NY	2.0	2.0	810	$7,350	$9.07	8d	1	0.82mi
622 11th Ave Unit 201 New York, NY	2.0	2.0	810	$7,250	$8.95	8d	1	0.82mi
622 11th Ave Unit 1402 New York, NY	2.0	1.0	715	$7,600	$10.63	8d	1	0.82mi
622 11th Ave Unit 304 New York, NY	2.0	2.0	810	$7,275	$8.98	8d	1	0.82mi
135 E 47th St New York, NY	1.0	1.0	572	$6,600	$11.53	6d	1	0.83mi
30 Riverside Blvd Unit 1105 New York, NY	1.0	1.0	907	$7,336	$8.09	8d	1	0.83mi
450 W 42nd St #1693 New York, NY	2.0	1.0–2.0	690	$9,110	$13.20	2d	3	0.84mi
155 W 70th St New York, NY	2.0–3.0	2.0–2.5	1112	$7,995	$7.19	22d	4	0.84mi

HOA detail condo

• Monthly dues: $254 · $3,048/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $9,800 Active 539 DOM
2. 2026-06-17
   days on market $9,800 Active 538 DOM
3. 2026-06-15
   days on market $9,800 Active 536 DOM
4. 2026-06-13
   days on market $9,800 Active 534 DOM
5. 2026-06-10
   days on market $9,800 Active 530 DOM
6. 2026-06-08
   days on market $9,800 Active 529 DOM
7. 2026-06-03
   days on market $9,800 Active 524 DOM
8. 2026-06-01
   days on market $9,800 Active 522 DOM
9. 2026-05-31
   days on market $9,800 Active 521 DOM
10. 2026-05-23
    price $9,800
11. 2025-01-25
    price $9,888
12. 2024-12-26
    listed $9,988 Active
13. 2024-07-14
    price $9,988
14. 2024-07-07
    price $9,998
15. 2024-03-11
    price $9,988
16. 2024-01-18
    price $10,000
17. 2023-11-16
    price $9,988
18. 2023-10-23
    price $9,999
19. 2023-01-18
    price $10,000
20. 2021-12-03
    price $10,000
21. 2017-05-23
    price $689,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $81,941
• − Mortgage interest: −$549
• − Property taxes: −$147
• − Insurance: −$49
• − Repairs & maintenance: −$6,555
• − Management: −$6,555
• − HOA: −$3,048
• − Depreciation: −$285
• Taxable income: $64,752
• Est. tax owed @ 24.0%: −$15,541
• After-tax cash flow: $45,332/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: New York County · 1,599,927 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 44,942
• Household income: $128,559
• Rent vs Own: 79.2% rent · 20.8% own
• Severe rent burden: 3795.0

Population outlook (New York County) Hauer SSP2

• Today (2025): 1,825,725 people
• By 2030: 1,904,611 · +4.3%
• By 2040: 2,052,719 · +12.4%
• By 2050: 2,206,601 · +20.9%
• By 2075: 2,509,427 · +37.4%
• By 2100: 2,702,933 · +48.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 55% Asian 18% Hispanic / Latino 17% Two or more races 10% Black 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Dominican 4%
• Common ancestry: Romanian 4% Lithuanian 4% Scotch-Irish 4%
• Foreign-born: 34% · Canada, China, South Korea
• Languages at home: 66% English-only · Spanish 12% Other Indo-European 6% Chinese 5%

Political lean MEDSL · New York

• 2024 margin: Solid D (+64.8) · D 82.4% · R 17.6%
• 2008→2024 swing: -7.4pp toward R · 2008: 72.2pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+74.5 2016: D+77.2 2012: D+69.6 2008: D+72.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.61%
• Current HPI: 245.1226
• Rent YoY: ▲ 4.25%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

-98.6% since first listed

12 events — show timeline

• 2026-05-23 Price Changed $9,800 RLS at REBNY
• 2025-01-25 Price Changed $9,888 RLS at REBNY
• 2024-12-26 Listed $9,988 RLS at REBNY
• 2024-07-14 Price Changed $9,988 RLS at REBNY
• 2024-07-07 Price Changed $9,998 RLS at REBNY
• 2024-03-11 Price Changed $9,988 RLS at REBNY
• 2024-01-18 Price Changed $10,000 RLS at REBNY
• 2023-11-16 Price Changed $9,988 RLS at REBNY
• 2023-10-23 Price Changed $9,999 RLS at REBNY
• 2023-01-18 Price Changed $10,000 RLS at REBNY
• 2021-12-03 Price Changed $10,000 RLS at REBNY
• 2017-05-23 Price Changed $689,900 RLS at REBNY