








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 311 E 38th St APT 7B, New York, NY, 10016 listed at $820,000 pairs $4,664/mo rent with a $4,013/mo payment. Total monthly income runs $4,664/mo. Return on cash invested measures 10.73% in year one, and rental yield registers 6.83% at a $820,000 basis. Equity gained on principal adds $5,291/yr, and annual property appreciation at 5% supports $226,551 by year five. Five-year ROI tracks 56.31% and total cumulative return in cash totals $151,907. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,664/mo property income relative to a $4,013/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,065 monthly HOA
Neighborhood data shown for ZIP Code: 10016, New York, NY area.
| 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 |
Residential
37,372
Single Family
320
Multi-Family
37,052
Businesses
3,608
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $820,000 |
| 2017-07-12 | Sold | $865,000 |
| 2017-05-07 | Pending sale | $895,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-23 | $14462.00 | 1.66% | $118,176 | 2.44% |
| 2023-03-23 | $14226.00 | N/A | $115,358 | 1.97% |
| 2022-03-23 | N/A | N/A | $113,134 | 1.26% |



Listed by: Jonathan Stein • Douglas Elliman
Mls Name: StreetEasy
Mls ID: #S1759362