308 E 38th St #17/18C, New York, NY, 10016 | 4.63% Rental Yield

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308 E 38th St #17/18C, New York, NY, 10016 | 4.63% 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

Total monthly income runs $5,209/mo, and a $6,608/mo payment. Purchase price stands at $1,350,000, and rental yield measures 4.63% with $5,209/mo rent. Return on cash invested shows 4.69% in year one, and 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 23.7% and total cumulative return in cash records $103,649. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,209/mo property income covering a $6,608/mo payment rather than investor’s personal income.

Condo

Built in 2001

N/A lot

$N/A/sqft

$1,908 monthly HOA

More details about the property

Expansive Terrace in the Sky! Enjoy City and River Views from every room in this two bedroom, two and a half bathroom condo with a private setback terrace. This spacious corner home is turnkey and offers open North and East views and with over 900 ft2 of private outdoor, there is ample space, both inside and out, for living, dining and entertaining. The kitchen boasts stainless steel appliances and custom white cabinetry. The generous sized living room leads to an unforgettable terrace where you can enjoy unparalleled city and river views. The bedrooms are tucked away for privacy, and each offer an en-suite bathroom and spacious closets for your belongings. A powder room is located on the main level and a washer and dryer and brand-new hardwood floors complete this stunning and affordable home. The Vantage Condominium is re-designed by award-winning interior designer Andres Escobar. The building has a fantastic amenities suite, including an expansive rooftop with stunning views of the Manhattan skyline including the Empire State Building and WTC, 24-hour doorman and on site super, Residents Lounge with billiards table, co-working space, State-of-the-art Fitness and private bike spinning room, individual storage facilities, Lobby Lounge and Bike Storage. Located in close proximity to the United Nations and Grand Central, there are grocery stores, fine dining, numerous parks, and plenty of luxury boutiques at your doorstep. ASSESSMENT: $143/mo.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10016, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	41,052 (100%)
Owner Occupied HU	8,730 (21.3%)
Renter Occupied HU	26,763 (65.2%)
Vacant Housing Units	5,559 (13.5%)
Median Home Value	$1,031,364
Average Home Value	$1,209,032