111 Michael Place
About This Property
Step inside to discover a brand-new eat-in kitchen featuring sleek stainless-steel appliances and generous counter space, ideal for everyday meals and entertaining. Gleaming refinished hardwood floors flow throughout, complemented by freshly painted walls that create a bright, welcoming atmosphere. The formal dining room adds elegance for special gatherings.
A standout feature is the fully renovated full basement, brimming with possibilities-transform it into a home gym, office, playroom, or additional living space.
Nestled in a desirable neighborhood, this home is just moments from shops, restaurants, and public transportation, offering convenience without compromise. Make 111 Michael Place your forever home today!
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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 |
|---|---|---|---|
| Dec 19, 2025 | Sold | ||
| Sold | |||
| Nov 8, 2025 | In contract | - | |
| In contract | |||
| Oct 22, 2025 | Listed by Coldwell Banker American Homes | $699,000 | |
| Listed by Coldwell Banker American Homes | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017