1122 Lafayette Avenue #2C
About This Property
Developed as two adjacent buildings with only 18 units but 26 outdoor spaces, this new development condo consists of (12) one bedrooms-- 3 of which are duplexes , (5) two bedrooms and (1) studio duplex 16 of the 18 units provide a wonderful balance of indoor and outdoor living.
Residence 2C is a large floor-through One bedroom (1BR), One bathroom (1 BA) home with two private balconies. The thoughtful layout offers an open concept kitchen/living room with ample space for a home office. Featuring floor to ceiling windows and 10' ceilings, the home is illuminated with both direct morning and afternoon light from Eastern and Western exposures. Tucked quietly behind a long hallway and corridor is a private bedroom that is perfectly positioned in the rear of the apartment. The bedroom is outfitted with a balcony overlooking the serene garden.
Residences feature 7.5-inch European oak flooring, double-glazed casement Pella windows, ductless heating and cooling, and in-unit washer/dryer hookups. The opulent kitchens are equipped with custom German Cabinetry from Leicht, Quartz countertops, and stunning single slab porcelain backsplashes. All kitchen are outfitted with a suite of high-end stainless steel appliances as well as Bosch dishwashers. Bathrooms are finished with deep soaking tubs, stand-up glass stall showers, floating Duravit toilets and beautiful custom tile-work. Additional features of this property include: video intercom, a landscaped common garden and bike storage.
With an emphasis on buying with affordability, the Sales Team has partnered with Bank of America to offer qualifying buyers 1st time buyer grants and closing cost incentives. 1122-1126 Lafayette Avenue is conveniently located near the J train at Kosciusko Street and well-known restaurants like Petra, Santa Panza, Little Mo and Brooklyn Whispers Bakery.
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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 |
|---|---|---|---|
| May 11, 2021 | No longer available | - | |
| No longer available | |||
| Apr 27, 2021 | Sold | ||
| Sold | |||
| Feb 6, 2021 | In contract | - | |
| In contract | |||
| Sep 22, 2020 | Listed by Compass | $650,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/17/2021
|
1 Bed
|
1 Bath
|
539 ft²
|
$539,000
1 Bed
1 Bath
539 ft²
|
$539,000
10/24/2021
|
Jessica White
The Corcoran Group
| |
|
03/19/2021
|
2 Bed
|
2 Bath
|
829 ft²
|
$849,000
2 Bed
2 Bath
829 ft²
|
$842,717
-0.74%
06/02/2021
|
Jessica White
The Corcoran Group
| |
|
03/10/2021
|
1 Bed
|
1 Bath
|
533 ft²
|
$529,000
1 Bed
1 Bath
533 ft²
|
$529,000
07/23/2021
|
McKenzie Ryan
Prudential Douglas Elliman Real Estate
| |
|
03/03/2021
|
1 Bed
|
1 Bath
|
552 ft²
|
$529,000
1 Bed
1 Bath
552 ft²
|
$529,000
06/11/2021
|
Jessica White
The Corcoran Group
| |
|
02/26/2021
|
2 Bed
|
2 Bath
|
903 ft²
|
$899,000
2 Bed
2 Bath
903 ft²
|
$899,000
05/13/2021
|
Jessica White
The Corcoran Group
| |
|
01/19/2021
|
2 Bed
|
2 Bath
|
908 ft²
|
$899,000
2 Bed
2 Bath
908 ft²
|
$899,000
07/01/2021
|
Jessica White
The Corcoran Group
| |
|
01/13/2021
|
1 Bed
|
2 Bath
|
1083 ft²
|
$759,000
1 Bed
2 Bath
1083 ft²
|
$725,000
-4.48%
05/26/2021
|
Jessica White
The Corcoran Group
| |
|
11/27/2020
|
1 Bed
|
1 Bath
|
1393 ft²
|
$897,112
1 Bed
1 Bath
1393 ft²
|
$897,112
04/29/2021
|
McKenzie Ryan
Prudential Douglas Elliman Real Estate
| |
|
11/12/2020
|
2 Bed
|
3 Bath
|
957 ft²
|
$1,049,000
2 Bed
3 Bath
957 ft²
|
$1,049,000
05/12/2021
|
Jessica White
The Corcoran Group
| |
|
09/22/2020
|
1 Bed
|
1 Bath
|
685 ft²
|
$659,000
1 Bed
1 Bath
685 ft²
|
$650,000
-1.37%
04/27/2021
|
Jessica White
The Corcoran Group
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017