123 King Street
About This Property
King & Sullivan townhouses are located between Coffey Park and Van Brunt Street with direct access to amazing local shops and eateries in Red Hook. The homes are designed to incorporate the historical and contemporary culture of the lively community which is growing every day. With such close proximity to New York City and the waterfront, this home is ideally located to enjoy the best of both worlds.
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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 |
|---|---|---|---|
| Sep 23, 2025 | Sold | ||
| Sold | |||
| Jun 13, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Listed by Blu Realty Group | $2,599,000 | |
| Listed by Blu Realty Group | |||
| Feb 28, 2020 | Listed | $2,695,000 | |
| Listed | |||
| | |||
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Enjoy living in this brand new, four story townhouse with an expansive layout and roof deck boasting unbelievable Manhattan skyline views. This four-bedroom, three bath arches townhouse features a full floor through kitchen, dining and living experience. The gourmet open kitchen is complete with cabinetry by Molteni Dada, Bosch appliances, and a Carrara marble island. Step outside from the living room to a private landscaped yard, adjacent to a tranquil deck which creates a prefect entertaining space. Continue up the stairs to the second floor and notice the sky-lit atrium above providing an abundance of natural light. The residence also features a full-size laundry room, 7-inch white oak flooring throughout, and 10 foot ceilings on every floor. Residents also enjoy a curb cut and private parking spot directly in front of the home along with private storage in front that can accommodate multiple bicycles, or even a Vespa.King & Sullivan townhouses are located between Coffey Park and Van Brunt Street with direct access to amazing local shops and eateries in Red Hook. The homes are designed to incorporate the historical and contemporary culture of the lively community which is growing every day. With such close proximity to New York City and the waterfront, this home is ideally located to enjoy the best of both worlds.
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| Sep 15, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017