38 Delancey St #12C, New York, NY, 10002 | 4.16% Rental Yield

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38 Delancey St #12C, New York, NY, 10002 | 4.16% 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 $4,143/mo, and a $5,849/mo payment. Purchase price stands at $1,195,000, and rental yield measures 4.16% with $4,143/mo rent. Return on cash invested shows 8.48% in year one, and 5% annual appreciation builds toward $330,156 over five years. Five-year ROI reaches 42.09% and total cumulative return in cash records $162,974. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,143/mo property income covering a $5,849/mo payment rather than investor’s personal income.

Condo

Built in 2010

N/A lot

$N/A/sqft

No HOA

More details about the property

Perched high above the city, this sun-drenched 1-bedroom condominium offers breathtaking South and West exposures with panoramic views of the Freedom Tower, Brooklyn Bridge, Verrazzano Bridge, and beyond. The expansive corner living room is wrapped in floor-to-ceiling windows and opens onto a private balcony with stunning Northern views of the Empire State Building, Chrysler Building, and the Manhattan skyline the perfect backdrop for morning coffee or evening cocktails. An open, windowed kitchen is outfitted with stainless steel appliances, sleek cabinetry, and a convenient breakfast bar, ideal for both casual dining and entertaining. The generously sized bedroom easily accommodates a home office setup and features an abundance of closet space. Additional highlights include beautiful hardwood floors, in-unit washer/dryer, and central HVAC. Building Features at 38 Delancey: Full-time concierge Landscaped roof terrace with grill On-site parking garage Bicycle storage and additional storage rooms Located at the vibrant crossroads of SoHo, NoHo, the Lower East Side, and Chinatown, 38 Delancey puts the best of downtown Manhattan at your doorstep. Enjoy direct access to Sara D. Roosevelt Park across the street and an array of acclaimed restaurants and cultural hotspots. Nearby subway lines (J, Z, B, D, and 6) make commuting effortless. This is downtown living at its finest.

Neighborhood Data

Neighborhood data shown for ZIP Code: 10002, New York, NY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	40,854 (100%)
Owner Occupied HU	6,264 (15.3%)
Renter Occupied HU	31,158 (76.3%)
Vacant Housing Units	3,432 ( 8.4%)
Median Home Value	$821,930
Average Home Value	$952,686