118 Pierce Street
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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%.
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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 |
|---|---|---|---|
| Oct 22, 2021 | Sold | ||
| Sold | |||
| Sep 1, 2021 | Listed by Weichert,REALTORS-Murray Group | $449,000 | |
| Listed by Weichert,REALTORS-Murray Group | |||
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Absolutely stunning contemporary home located in the heart of Houston's Midtown neighborhood. Walking distance to restaurants, shopping and multiple entertainment venues. The fourth floor provides some of the best Houston skyline views that can be found in the city. Soaring ceilings and tall windows provide an abundance of natural light. First floor has a large bedroom and private ensuite. Glistening hardwood floors and contemporary details throughout the living area. Well equipped gourmet kitchen with quartz countertops and stainless steel appliances. Third floor Primary Suite features a large bedroom and beautifully appointed bath, complete with dual vanities, large soaking tub and separate shower area. Plenty of closet and storage space throughout the home. Private, fenced green space and attached 2 car garage checks off the rest of the boxes for this home. Meticulously cared for and outside of the flood zone. Did I mention the views ?
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| Dec 21, 2020 | Sold | ||
| Sold | |||
| Oct 9, 2020 | Listed by Compass RE Texas, LLC | $450,000 | |
| Listed by Compass RE Texas, LLC | |||
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Live in the mix of Midtown in this contemporary chic freestanding home in a gated community. Walking distance to trendy shops, parks and eateries, 118 Pierce St. offers four stories of modern luxury and a rooftop terrace with dramatic views of downtown Houston. The modern interior boasts high ceilings, tall windows, warm wood floors and sleek lines. First floor Study/bedroom w/private Ensuite. 2nd floor living/dining with high ceilings, tall windows, warm wood floors and balcony w/unobstructed views. Sleek chef's kitchen with rich custom cabinetry, quartz countertops and oversized eat-in island. Spacious 3rd floor Master Suite features dual sinks, large soaking tub, frameless walk-in shower and ample closet space. 1 additional bedroom w/private Ensuite up. Impeccably maintained w/excellent storage throughout, 4th floor attic space and 2-car garage. Private fenced yard space perfect for pets. Walk to your favorite Midtown eateries, bars and shops from this address!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017