330 E 38th St APT 38K, New York, NY, 10016 | 4.26% Rental Yield

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330 E 38th St APT 38K, New York, NY, 10016 | 4.26% 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 38K, New York, NY, 10016 earns from $5,272/mo rent with a $7,268/mo payment. Total monthly income totals $5,272/mo. ROI tracks 6.05% on current figures, and rental yield reads 4.26% at a $1,485,000 purchase. Equity gained on principal adds $9,582/yr, and 5% annual appreciation supports $410,278 over five years. Five-year ROI reaches 30.06% and total cumulative return in cash sums $144,642. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,272/mo property income instead of your personal income.

Condo

Built in 1989

N/A lot

$N/A/sqft

$1,098 monthly HOA

More details about the property

Enjoy spectacular East River views from this expansive two-bedroom, two-bath condo, located on a high floor for added privacy and unmatched vistas. A grand entrance gallery leads you into this beautifully appointed home, where stunning wood floors enhance the elegant atmosphere. The large living room, with oversized bay windows, invites an abundance of natural light and offers breathtaking vistas of the city and the East River. The second bedroom comfortably accommodates a queen-sized bed. The king-sized primary suite boasts three closets and a luxurious en-suite bathroom. Step outside onto the private balcony to experience the morning sunrise and a panoramic cityscape. With low carrying costs, this condominium presents an exceptional opportunity as both a distinguished home and a savvy investment. The Corinthian Condominium exudes luxury, offering 17,000 square feet of top-tier amenities. Residents enjoy a state-of-the-art fitness center, a 60-foot heated pool enclosed in glass, steam and sauna rooms, and a dedicated yoga space with complimentary daily classes. Additional features include a residents" lounge, billiards room, golf simulator, conference room for remote work, and an outdoor running track that wraps around the building. The property also boasts over 5,000 square feet of private outdoor space, complete with a sun deck and lush gardens. For added convenience, the Corinthian offers an on-site garage and valet services. Plus, this pet-friendly community welcomes your furry companions, making it a true home for anyone.

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