1239 SIMMS PLACE NE #5
About This Property
The manager has listed the unit size as 1709 square feet.
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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 2, 2023 | Sold | ||
| Sold | |||
| Sep 15, 2023 | In contract | - | |
| In contract | |||
| Aug 10, 2023 | Listed | $525,000 | |
| Listed | |||
| | |||
|
Located in a 5-unit boutique building, this large 1,700+SF residence offers tons of light and sleek/modern finishes throughout, polished concrete floors, exposed brick, plus 2 spacious bedrooms, room for a potential 3rd, an additional location for a home office, and 2.5 contemporary baths. The open floor plan spans one level and offers a large living room, formal dining space, open kitchen with tiled backsplash, terrazzo-styled quartz countertops, SS appliances, island with and room for stools. Washer and dryer in-unit and tons of storage including walk-in storage closet. Ample street parking available. In addition to the private main unit entrance, Unit #5 is the only unit that offers direct access to the shared rear fenced-in yard and patio space via a rear entrance. The landscaped rear yard is the ultimate urban oasis with bricked patio, lounge area and BBQ grills. Low Condo Fees and Move-In Ready! This location in Trinidad is perfectly situated near Union Market, Ivy City, Gallaudet, the H Street Corridor and the National Arboretum. Also conveniently nearby are Whole Foods, Trader Joe's and Safeway.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 10, 2020 | In contract | - | |
| In contract | |||
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