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Julia Hoagland
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$770,000
Asking Price
3.41%
Cap Rate
45 East 30th Street #11D
New York, NY 10016
1 Bed 1 Baths 673 Sqft
Condo in NoMad
Listing posted 4/2/15 (6 days ago) on RentHop
Description
This chic and peaceful one-bedroom loft features soaring 10'8 ceilings and private outdoor space. The state-of-the-art chef's kitchen is open to the entertaining space and features Giallo granite counters, glass backsplash, L/G internet refrigerator, Viking range and wine cooler and Briva in-sink dishwasher. The master bedroom offers oversized windows and ample closet space. The spa-quality bathroom is clad in polished slate tile floors, watermark fixtures with custom solid wood vanity and an Ultra Primo Chromo therapy soaking tub. Central air conditioning, recessed lighting, Brazilian cherry floors with walnut boarders, a washer/dryer, and over 100SF of L-shaped balcony space complete this home. Park South Lofts, a boutique 40-unit condominium located near multiple subway lines where the Flatiron District meets NoMad has a full-time doorman and third-floor gym.
Features + Amenities
No Fee
Featured
Swimming Pool
Doorman
Elevator
Fitness Center
Laundry in Building
Hardwood Floors
New Construction
Sublet Analysis
RealtyHop expects this apartment to sublet for $2,292 per month, in line with other 1BR / 1.5BA apartments in Gramercy Park. The expected yield / cap rate is 4.28%.
Estimated Sublet Income
Based on rental data from RentHop.com
+ $44,100 / yr
+ $3,675 / mo
Property Taxes
Tax year: 2015
- $6,900 / yr
- $575 / mo
HOA / Maintenance Dues
- $10,956 / yr
- $913 / mo
Net Operating Profit
+ $26,244 / yr
+ $2,187 / mo
$26,244
Annual Net Operating Profit
/
$770,000
Asking Price
=
3.41%
Cap Rate
Price History
Date Event Price Appreciation Source
3/20/2015 Sold $395,000  (+$85,000) 7.83% / yr Public Records
9/28/2011 Sold $310,000  (+$31,000) 8.88% / yr Public Records
6/4/2010 Sold $279,000 Public Records
The Area (Lincoln Square)
A description of the area goes here.
Nearby Transportation
6
0.13 mi at 33rd St (33rd St and Park Ave)
N
R
0.24 mi at 28th St (28th St and Broadway)
N
Q
R
B
D
F
M
0.37 mi at 34th St (34th St and 6th Ave)
F
M
0.48 mi at 23rd St (23rd St and 6th Ave)
4
5
6
7
S
0.59 mi at Grand Central (42nd St and Madison Ave)
On the Map
Mortgage Analysis
With a mortgage balance of $616,000 and interest rate of 3.875% amoritzed over 30 years, you will pay $2,896.66 per month. In the first month, $1,989.17 will be an interest payment and $907 will amortize the balance of the loan.
Loan Balance
Based on a 20% down, 3.875% mortgage over 30 years
$616,000
Mortgage Payments
$34,759.93 / yr
$2,896.66 / mo
Interest Paid
After First year
$23,674.49 / yr
$1,989.17 / mo
Principal Amortization
- $11,085.43 / yr
- $907 / mo
Loan Balance After One Year
$604,915
($26,244 - $34,759.93 + $11,085.43)
Annual Net Cashflow + Amortization
/
$154,000
Purchasing Equity
=
1.67%
Return on Equity
Month by Month Mortgage Breakdown
Month Loan Balance Required Payment Interest Portion Principal Portion
1 $616,000.00 $2,896.66 $1,989.17 $907.49
2 $615,092.51 $2,896.66 $1,986.24 $910.42
3 $614,182.08 $2,896.66 $1,983.30 $913.36
4 $613,268.72 $2,896.66 $1,980.35 $916.31
5 $612,352.40 $2,896.66 $1,977.39 $919.27
6 $611,433.13 $2,896.66 $1,974.42 $922.24
7 $610,510.89 $2,896.66 $1,971.44 $925.22
8 $609,585.67 $2,896.66 $1,968.45 $928.21
9 $608,657.47 $2,896.66 $1,965.46 $931.20
10 $607,726.26 $2,896.66 $1,962.45 $934.21
11 $606,792.05 $2,896.66 $1,959.43 $937.23
12 $605,854.82 $2,896.66 $1,956.41 $940.25
13 $604,914.57 $2,896.66 $1,953.37 $943.29
14 $603,971.28 $2,896.66 $1,950.32 $946.34
15 $603,024.94 $2,896.66 $1,947.27 $949.39
16 $602,075.55 $2,896.66 $1,944.20 $952.46
17 $601,123.09 $2,896.66 $1,941.13 $955.53
18 $600,167.56 $2,896.66 $1,938.04 $958.62
19 $599,208.94 $2,896.66 $1,934.95 $961.71
20 $598,247.22 $2,896.66 $1,931.84 $964.82
21 $597,282.40 $2,896.66 $1,928.72 $967.94
22 $596,314.47 $2,896.66 $1,925.60 $971.06
23 $595,343.40 $2,896.66 $1,922.46 $974.20
24 $594,369.21 $2,896.66 $1,919.32 $977.34
25 $593,391.86 $2,896.66 $1,916.16 $980.50
26 $592,411.36 $2,896.66 $1,913.00 $983.67
27 $591,427.70 $2,896.66 $1,909.82 $986.84
28 $590,440.86 $2,896.66 $1,906.63 $990.03
29 $589,450.83 $2,896.66 $1,903.43 $993.23
30 $588,457.60 $2,896.66 $1,900.23 $996.43
31 $587,461.17 $2,896.66 $1,897.01 $999.65
32 $586,461.52 $2,896.66 $1,893.78 $1,002.88
33 $585,458.64 $2,896.66 $1,890.54 $1,006.12
34 $584,452.52 $2,896.66 $1,887.29 $1,009.37
35 $583,443.16 $2,896.66 $1,884.04 $1,012.63
36 $582,430.53 $2,896.66 $1,880.77 $1,015.90
Show complete 360 months
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