103 3RD ST #2
About This Property
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 1, 2020 | No longer available | - | |
| No longer available | |||
| Jan 31, 2020 | Sold | ||
| Sold | |||
| Nov 2, 2019 | In contract | - | |
| In contract | |||
| Oct 22, 2019 | Price Decreased |
$1,995,000
↓ $155K
(7.2%) | |
| Price Decreased | |||
| Sep 17, 2019 | Price Decreased |
$2,150,000
↓ $100K
(4.4%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/16/2020
|
Studio
|
1 Bath
|
-
|
$525,000
Studio
1 Bath
|
$495,000
-5.71%
05/21/2021
|
Michael Soheil
Corcoran Group
| |
|
04/29/2019
|
4 Bed
|
4 Bath
|
2095 ft²
|
$2,600,000
4 Bed
4 Bath
2095 ft²
|
$1,995,000
-23.27%
01/31/2020
|
Debra Bondy
The Corcoran Group
| |
|
04/16/2015
|
4 Bed
|
4 Bath
|
2095 ft²
|
$2,300,000
4 Bed
4 Bath
2095 ft²
|
$2,300,000
02/05/2021
|
Phyllis D. Norton Towers
Brown Harris Stevens
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017