1239 SIMMS PLACE NE #3
About This Property
This spacious, light-filled unit boasts wood floors, stainless steel appliances, sleek European tilework, recessed lighting, and designer bathrooms featuring soaking tubs and walk-in showers. Skylights brighten the home with natural light, while the in-unit washer and dryer, walk-in storage closet, and ample additional storage ensure modern convenience. Enjoy your own private courtyard-a rare retreat in the city.
With low condo fees, this home offers tremendous value and style. Street parking is plentiful, and the location can't be beat-just minutes from Union Market, Ivy City, H Street Corridor, Gallaudet University, and the National Arboretum. You'll also enjoy easy access to Whole Foods, Trader Joe's, Safeway, and Union Station for commuting and travel. Don't miss your chance to own a slice of luxury in one of DC's most vibrant neighborhoods.
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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 |
|---|---|---|---|
| Oct 22, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Price Decreased |
$499,000
↓ $30K
(5.7%) | |
| Price Decreased | |||
| Aug 5, 2025 | Listed by Long & Foster Real Estate, Inc. | $529,000 | |
| Listed by Long & Foster Real Estate, Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/28/2025
|
2 Bed
|
2 Bath
|
872 ft²
|
$384,900
2 Bed
2 Bath
872 ft²
|
$379,000
-1.53%
11/21/2025
|
Denise Greene
RLAH Real Estate
| |
|
08/05/2025
|
3 Bed
|
3 Bath
|
1423 ft²
|
$529,000
3 Bed
3 Bath
1423 ft²
|
$490,000
-7.37%
10/22/2025
|
John Coplen
Long & Foster Real Estate, Inc.
| |
|
08/10/2023
|
2 Bed
|
3 Bath
|
1709 ft²
|
$525,000
2 Bed
3 Bath
1709 ft²
|
$525,000
10/10/2023
|
Kira Epstein Begal
Washington Fine Properties, LLC
| |
|
06/03/2020
|
3 Bed
|
3 Bath
|
1709 ft²
|
$489,000
3 Bed
3 Bath
1709 ft²
|
$500,000
+2.25%
07/08/2020
|
Donnell Kearney
|
Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017