135 W 16TH Street #111
About This Property
This newly renovated one-bedroom apartment is situated on a tranquil, tree-lined block in Chelsea. All furnishings and fixtures are contemporary and newly installed following a comprehensive and tasteful, renovation. The living room and bedroom feature five inch oak plank flooring. The kitchen and bathroom are tiled. The kitchen is a chef's ream, equipped with new cabinets, stove, stainless refrigerator, Bosch dishwasher, and a sleek peninsula where your inner chef can prepare meals, dine, or even use as a work from home spot. The spacious living room can also accommodate a dining area or work from home station. The windowed bathroom is equipped with all new fixtures, including a luxurious shower with a glass door, and a recessed, elegant, mirrored, Kohler Verdera medicine cabinet.
Other features include high ceilings, newly installed windows, new energy efficient lighting, recessed ceiling lights with dimmers installed in all rooms and pendant lights with dimmers over the peninsula. The apartment is wired for Wi-Fi, the building has a laundry room, and there is a live-in superintendent. Transportation, trendy restaurants, and shops are nearby.
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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 |
---|---|---|---|
Apr 13, 2025 | In contract | - | |
In contract | |||
Mar 20, 2025 | Listed by JUSTIS PROPERTIES LLC | $999,000 | |
Listed by JUSTIS PROPERTIES LLC |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
02/28/2024
|
1 Bed
|
1 Bath
|
528 ft²
|
$1,150,000
1 Bed
1 Bath
528 ft²
|
$999,000
-13.13%
07/17/2024
|
-
|
Carl Ed Hardesty
Compass Greater NY, LLC
| |
01/10/2024
|
2 Bed
|
1 Bath
|
800 ft²
|
$1,300,000
2 Bed
1 Bath
800 ft²
|
$1,335,000
+2.69%
05/02/2024
|
-
|
Gerald R Gemignani
Corcoran Group
| |
04/20/2021
|
1 Bed
|
1 Bath
|
-
|
$1,175,000
1 Bed
1 Bath
|
$1,080,000
-8.09%
10/07/2021
|
-
|
Kevin McManus
Douglas Elliman Real Estate
| |
02/18/2019
|
1 Bed
|
1 Bath
|
-
|
$715,000
1 Bed
1 Bath
|
$725,000
+1.40%
06/26/2019
|
-
|
Trisha Lawton
The Corcoran Group
| |
05/12/2016
|
2 Bed
|
1 Bath
|
875 ft²
|
$1,295,000
2 Bed
1 Bath
875 ft²
|
$1,325,000
+2.32%
08/01/2016
|
-
|
Joshua B Rubin
Douglas Elliman Real Estate
| |
04/12/2015
|
2 Bed
|
1 Bath
|
-
|
$1,300,000
2 Bed
1 Bath
|
$1,300,000
07/17/2015
|
-
|
Trisha Lawton
The Corcoran Group
|
Building Info
