35 E 38th St APT 12B, New York, NY, 10016 | 7% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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35 E 38th St APT 12B, New York, NY, 10016 | 7% Rental Yield | Ziffy

For Sale

Currently Rented

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 35 E 38th St APT 12B, New York, NY, 10016 listed at $999,999 pairs $5,837/mo rent with a $4,895/mo payment. Total monthly income runs $5,837/mo. Return on cash invested measures 17% in year one, and rental yield registers 7% at a $999,999 basis. Equity gained on principal adds $6,453/yr, and annual property appreciation at 5% supports $276,281 by year five. Five-year ROI tracks 87.83% and total cumulative return in cash totals $288,951. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,837/mo property income relative to a $4,895/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1961

N/A lot

$N/A/sqft

No HOA

More details about the property

All open houses by appointment only - appointment must be requested with 24 hours notice Nestled between Park and Madison Avenues, this elegant high-floor residence at 35 East 38th Street offers 845 square feet of meticulously designed living space in a full-service boutique condominium. This 1-bedroom, 1-bathroom home could easily be converted to a 1 bedroom + home office/nursery, to fit your needs. This rare home is bathed in natural light through oversized windows, offering sweeping skyline views and a sense of serenity high above the city bustle. The layout seamlessly blends comfort and sophisticationideal for both everyday living and stylish entertaining. Inside, you'll find a spacious open-concept living and dining area with two exposures, a bonus alcove, and a massive primary bedroom, also with two exposures. The well-maintained, full-service building pampers residents with premium amenities, including: 24-hour doorman and concierge service Fitness center Parking Garage Laundry facilities Bike room and secure common storage Small dog friendly Please note this unit is currently leased at $5,300/month through January 2026

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