1511 Spring 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%.
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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Oct 24, 2024 | In contract | - | |
| In contract | |||
| Oct 15, 2024 | Listed by Douglas Elliman Real Estate | $515,000 | |
| Listed by Douglas Elliman Real Estate | |||
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1511 Spring Street, in booming Sawyer Heights, provides incredible convenience to Downtown and is just blocks to retail, dining and entertainment! This 4-story free-standing residence has it all – 2nd level balcony, rooftop terrace, private fenced front yard, 2-car attached garage, and located within a gated community. Great modern exterior with beautiful interior finishes and tons of natural light. Open concept living/dining spaces on the 2nd level with huge quartz island kitchen, balcony, and guest powder room. Primary bedroom suite on 3rd level; secondary bedrooms on 1st and 3rd levels – all with en suite baths.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017