Two-Bedroom Residential
330 E 38TH Street 5K, Manhattan, NY 10016
For Sale
$1,245,000
Residence with river views, private balcony, marble primary bath, and access to extensive full-service building amenities.
Property Size1,200 SF
Price / SF$1,037
Days on Market360
Property Features for 330 E 38TH Street 5K
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
24-hour doorman
concierge
children's playroom
adults lounge
party room
golf simulator
health club and spa
year-round pool
outdoor jogging track
garage service
valet services
pet friendly
Building Details
Building Size
Year Built
Listing Agency:
Thrasher Real Estate LLC
Listed By:
Rusty Thrasher
(917) 622-9418
Source:
Bondnyre
Added: Nov 15, 2025
Changed: Nov 8
Last Checked: Nov 8 at 12:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thrasher Real Estate LLC
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Investment Insights
Based on property information with market context.
This two-bedroom, two-bath residence is positioned within The Corinthian and features a spacious living area framed by 15 feet of bay windows. A private balcony extends from the oversized primary bedroom, which includes an ensuite marble bath. The open kitchen is equipped with stainless appliances and granite countertops, while the second bedroom and bathroom are complemented by abundant closet storage. The residence measures 1,200 square feet and is located at 330 E 38TH Street 5K in New York City.
Building services and amenities include a 24-hour doorman and concierge, attended garage and valet service, and a private health club and spa. Recreational and resident spaces include a 56-foot glass-enclosed year-round pool, golf simulator, adults lounge, party room with open kitchen, children's playroom, landscaped outdoor jogging track, and terraces. Pets are allowed. The building was completed in 1989.
Building services and amenities include a 24-hour doorman and concierge, attended garage and valet service, and a private health club and spa. Recreational and resident spaces include a 56-foot glass-enclosed year-round pool, golf simulator, adults lounge, party room with open kitchen, children's playroom, landscaped outdoor jogging track, and terraces. Pets are allowed. The building was completed in 1989.
Key Highlights
- Two‑bedroom, two‑bath residence measuring 1,200 square feet
- 15 feet of bay windows in the living area
- Private balcony adjoining the oversized primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,545
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,900
$750.9K
Cap Rate 7%
$536,357
$536.4K
Cap Rate 9%
$417,167
$417.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$71.9K $59.88/SF
− Vacancy
−$3.6K −$2.99/SF
EGI
$68.3K $56.89/SF
− OpEx
−$30.7K −$25.60/SF
NOI
$37.5K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,900
Cap Rate 7%
$536,357
Cap Rate 9%
$417,167
Alternative Uses
Best Use
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,545 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$838.9K
$734.1K – $978.8K
NOI $58,726 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
55,039
Businesses Nearby
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Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Residence with river views, private balcony, marble primary bath, and access to extensive full-service building amenities.
Where is this residential income property located?
The property is located at 330 E 38TH Street 5K Manhattan, NY.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath residence measuring 1,200 square feet; 15 feet of bay windows in the living area; Private balcony adjoining the oversized primary bedroom
