330 E 38th St APT 22I, New York, NY, 10016 | 5.52% Rental Yield

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330 E 38th St APT 22I, New York, NY, 10016 | 5.52% 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

Investment property for sale in New York at 330 E 38th St APT 22I, New York, NY, 10016 offers a 5.52% rental yield on a $1,225,000 purchase with $5,639/mo rent. 69% in year one. Equity gained on principal adds $7,905/yr while 5% annual appreciation supports $338,445 over five years. Portfolio math shows five-year ROI at 64.67% and total cumulative return in cash at $256,668. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,639/mo property income against a $5,996/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

Beautifully renovated 2 Bedroom, 1 Bath apartment in the Corinthian Condominiums, Murray Hill's premier white glove building. Apartment features: Beautiful river views, Private Washer.Dryer, 48 SF balcony, New floors, Open kitchen, Extra closets, and new Quartz and Tile bath. Building features: 24/7 doorman and concierge services, staff of 31 for amazing maintenance, Central heat and Central AC provided by the building, 17,000 SF amenity floor, with year round pool, sauna, steam room, hot tub, gym, golf simulator, adult lounge, conference room, children playroom, sundeck, running track, and yoga classroom. Pet friendly. There is a $257/month assessment added to the common charge bill for three years starting February 1, 2026 and ending December 1, 2028,. to cover Local law 11 infrastructure improvements.

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