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330 E 38th St APT 45M
New York, NY

330 E 38th St APT 45M

$949,000
1 bd • 1 ba • 629 sf

This analysis was generated by artificial intelligence on 1/31/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$949,000

Price/Sq.Ft

$1509

Year Built

1989

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Prime Location in Murray Hill: The property is located in the vibrant Murray Hill neighborhood, known for its accessibility and proximity to shopping, dining, and entertainment. This location provides easy access to public transportation, including multiple subway lines and Grand Central Terminal. • Stunning East River Views: Perched on the 45th floor, the property offers breathtaking East River views, which is a highly desirable feature for many buyers. • Modern Kitchen and Updated Features: The unit boasts a modern kitchen with granite countertops, a mosaic tile backsplash, maple cabinetry, and stainless-steel appliances. These features add to the appeal and value of the property. • Extensive Building Amenities: The Corinthian offers a wide array of amenities, including a gym, pool, golf simulator, recreational spaces, and 24-hour door staff. These amenities add significant value and convenience for residents. • Condo Ownership: As a condominium, the property offers straightforward ownership without the complexities of co-op board approvals, making it more accessible for some buyers.

The Bad

• Small Living Space: At 629 sqft, the one-bedroom unit is relatively small compared to the average size of single family homes in the NYC area. This may not be ideal for buyers requiring more space or those who prefer a larger living area. • High Price per Square Foot: The price of $1508.74 per square foot is on the higher side, even for Manhattan, which can be a deterrent for some buyers. This is significantly above the average price per sqft in some other areas of the city. • Limited Property Details: The listing lacks specific details about the room dimensions, utilities, and specific maintenance fees which can make it difficult for buyers to fully assess the property. • Moderate Air Quality Risk (4/10): The moderate air quality risk, with 5 bad air days per year, could be a concern for health-conscious buyers or those with respiratory issues. • Lack of Recent Sales Data: The last sale of the property was in 2018, making it challenging to fully assess current market value.

The Ugly

• Major Heat Risk (6/10): The property faces a major heat risk with a 98th percentile temperature of 99°F and 7 hot days per year. This could lead to increased energy costs for cooling and potential discomfort during hot summer months. • Older Building (Built in 1989): The building's age may present potential maintenance issues and the need for future upgrades, which can be costly. Older buildings may also have less efficient systems than newer constructions. • Potential for High Monthly Costs: While the property taxes are relatively low compared to the suburbs, the overall monthly costs, including mortgage payments, insurance, and potentially high HOA fees, might be substantial. • Limited Storage: NYC apartments often lack ample storage space, and this unit may not have sufficient storage for all needs. • Virtual Staging: The listing notes that some photos are virtually staged, which means the actual unit may differ slightly from the photos, requiring buyers to do an in-person visit.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Single Professionals or Couples: The one-bedroom layout is well-suited for individuals or couples seeking a comfortable living space in a vibrant Manhattan neighborhood. The building's amenities cater to a convenient, urban lifestyle. • Buyers Seeking Extensive Amenities: The Corinthian offers a comprehensive list of amenities, including a full-size pool, gym, golf simulator, and multiple recreational spaces, appealing to buyers who prioritize convenience and on-site facilities. • Buyers Prioritizing Location and Transportation: The property’s Murray Hill location provides easy access to numerous subway lines (4/5/6/7), Grand Central Terminal, and major roadways like the Midtown Tunnel and FDR Drive, making it ideal for those who value easy commuting and travel. • Buyers Seeking City Views: The 45th-floor location provides stunning East River views, an attractive feature for buyers who value scenic urban vistas. • Buyers Comfortable with Condo Living: This property is a condominium, allowing for straightforward ownership without the complexities of co-op board approvals, suitable for those who prefer a more direct purchasing process.

Not For

• Buyers Needing More Space: At 629 sqft, the one-bedroom layout may not be suitable for buyers requiring multiple bedrooms or larger living areas. Families or those who prefer a spacious home may find this unit too small. • Buyers on a Strict Budget: The property's price of $949,000, along with NYC's high closing costs and monthly maintenance fees, may be prohibitive for budget-conscious buyers. • Buyers Seeking Quiet or Suburban Living: Murray Hill is a lively urban neighborhood with significant activity. Buyers seeking a quiet, suburban setting may find this location unsuitable. • Buyers Averse to City Noise and Air Quality: The moderate air quality risk and urban noise levels may not appeal to those sensitive to these factors or seeking a more tranquil environment. • Buyers Seeking Outdoor Green Space: While the building has an outdoor deck and playground, those seeking a personal garden or immediate access to extensive green spaces may find this property lacking.
Demographics
Area Median Income

$136,431

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 99°F

windMAJOR

Insurance: Required

floodMODERATE

FEMA Zone: X_UNSHADED

Insurance: Recommended

airMODERATE

5 bad air quality days per year

fireMINIMAL

Insurance: Optional

Risk Analysis

• Moderate Flood Risk (4/10): Although the flood risk is moderate, the property is in FEMA Zone X_UNSHADED, which means flood insurance is recommended. This could result in higher insurance costs and potential risks during extreme weather events. • Major Wind Risk (6/10): The major wind risk requires critical wind insurance, which can add to the monthly ownership costs. High winds could also impact the building's structure and maintenance requirements. • High Price per Square Foot ($1508.74): The price per square foot is high compared to some other areas of the city, which may present a value concern for some buyers. The market could fluctuate and impact the value of the investment. • Maintenance and HOA Costs: The HOA includes maintenance, but the specific monthly fees are not provided, which can be a significant ongoing expense in luxury buildings and might increase over time. • Market Volatility: The property's history of price fluctuations and listing removals indicates potential market volatility, which could affect the value of the investment.
Insurance
Annual Cost

$3,416

$285 per month

Financials

Monthly Costs
Market Rent (1 bed)

$3,260

Get a detailed rental estimate on Zillow®
HOA Fee

$608

Price History

Property Taxes

$8,520
2023 Tax Assessment
Infinity%from previous year
Assessed Value$70,301
Tax Rate12.12%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$915,833

-3.5% below list price

Median Price

$1,010,000

Based on 6 recent sales

Price per Sq.Ft

$1,452

Comparable Properties

29 HURON Street #4DE, NewYorkCity, NY 11222
Price: $940,000
Sq.Ft: 669
Beds/Baths: 1/1
$/Sq.Ft:
$1,4056.9%
Sale Date: 12/3/2024
501 3rd Avenue #7A, NewYorkCity, NY 10016
Price: $1,055,000
Sq.Ft: 604
Beds/Baths: /1
$/Sq.Ft:
$1,74715.8%
Sale Date: 11/20/2024
4-74 48th Avenue #29E, Long Island City, NY 11109
Price: $525,000
Sq.Ft: 700
Beds/Baths: 1/1
$/Sq.Ft:
$75050.3%
Sale Date: 12/5/2024
29 HURON Street #8AW, NewYorkCity, NY 11222
Price: $875,000
Sq.Ft: 543
Beds/Baths: /1
$/Sq.Ft:
$1,6116.8%
Sale Date: 12/3/2024
29 HURON Street #8EE, NewYorkCity, NY 11222
Price: $1,010,000
Sq.Ft: 657
Beds/Baths: 1/1
$/Sq.Ft:
$1,5371.9%
Sale Date: 10/30/2024
29 HURON Street #10EE, NewYorkCity, NY 11222
Price: $1,090,000
Sq.Ft: 657
Beds/Baths: 1/1
$/Sq.Ft:
$1,65910.0%
Sale Date: 10/29/2024

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