40
Map
1106 Newning Ave
About This Property
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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 |
|---|---|---|---|
| Mar 29, 2025 | In contract | - | |
| In contract | |||
| Jan 13, 2025 | Listed by Gottesman Residential R.E. | $1,975,000 | |
| Listed by Gottesman Residential R.E. | |||
| May 31, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Feb 1, 2024 | Listed by Gottesman Residential R.E. | $2,300,000 | |
| Listed by Gottesman Residential R.E. | |||
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The SoCo Jewelbox – This picturesque, 1920s storybook cottage has undergone a magnificent transformation throughout the years. Lovingly restored, the home maintains its very distinctive historic impression from the early 1900s.
Nestled on over a ¼ acre corner lot (11,761 SF), this property provides multiple opportunities for either a passionate historian, remodeler, or builder! Expansion plans are available to expand the existing home. The lot can accommodate a 4000+ SF home with potential downtown Austin views from a second-story level. The amazing lot and location offer almost endless possibilities!
The current two-bedroom, two-bath home feels amazingly spacious, welcoming, and has an airy atmosphere with its high ceilings, graciously proportioned living spaces, and exceptional outdoor decking both front and back. The attention to detail extends to the detached guest house with full bath, which perfectly complements the home’s design, offering a serene space for work or play. The manicured lawn surrounding the property exudes a sense of elegance and tranquility, inviting you to spend leisurely afternoons outdoors.
Located in the heart of SoCo, this home is within walking distance of restaurants, shopping, entertainment, Lady Bird Lake and everything downtown Austin has to offer the SoCo Jewelbox.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017