16 North May Street #511
About This Property
The manager has listed the unit size as 2178 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.
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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 |
|---|---|---|---|
| Mar 18, 2024 | Sold | ||
| Sold | |||
| Jan 24, 2024 | Listed | $780,000 | |
| Listed | |||
| | |||
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Step into this incredible 3-level condo/townhome nestled in the sought-after West Loop neighborhood. Just moments away from the city's finest dining and parks. Enjoy the appealing curb appeal, secure gated entry, and a charming common garden area. Enter the modern townhome through your private main-level entry, perfect for a guest bedroom or an office, featuring a full bathroom and a 2-car attached garage. The expansive main living area boasts an open floor plan, a gas fireplace, a stylish dining room, and a renovated kitchen with newer cabinets, countertops, backsplash, and appliances. The primary suite impresses with contemporary details, organized closets, and a modern bathroom. A generous second bedroom on the same level offers ample natural light and storage. It will be gone fast, don't miss it!
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| Nov 12, 2021 | Sold | ||
| Sold | |||
| May 26, 2021 | No longer available | - | |
| No longer available | |||
| May 25, 2021 | Listed | $720,000 | |
| Listed | |||
| | |||
|
Welcome home to this amazing 3-level condo/townhome in the highly desired West Loop neighborhood! Literally steps from the city's best restaurants, parks and Skinner School. Great curb appeal with a beautifully landscaped common area garden in this quaint community providing a secured, gated entry. Enter into this recently rehabbed, modern townhome through your own, private entry into the main level which functions as either a bedroom or den, makes for a great WFH space, equipped with a full bathroom; which is a perfect guest suite and your private, 2-car attached garage. Expansive main living area is well laid out with an open floor plan, yet separate areas for your living room in front of gas fireplace, dining room with modern chandelier and gorgeous, renovated kitchen! Kitchen boasts newer everything; including cabinets, countertops, backsplash and appliances; as well as a breakfast bar and pantry to complete the heart of the home! Impressive, spacious primary suite offers an attractive, contemporary detailed ceiling, professionally organized closets and a modern bathroom finished with porcelain tiling, rain shower head and vessel sink vanity. Generous 2nd bedroom on same level as primary suite offers terrific natural light, detailed ceiling and great closet space. Secondary bathrooms are nicely finished with porcelain tiles, modern vanities and fixtures. Home is complete with terrific windows for natural light, handsome, walnut-stained hardwood floors and plush, newer carpet on bedroom level. Freshly painted and ready for move in!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/12/2025
|
2 Bed
|
2 Bath
|
2250 ft²
|
$980,000
2 Bed
2 Bath
2250 ft²
|
-
-
|
Anne Loncar
Coldwell Banker Realty
| |
|
01/24/2024
|
3 Bed
|
3 Bath
|
2178 ft²
|
$780,000
3 Bed
3 Bath
2178 ft²
|
$768,000
-1.54%
03/20/2024
|
Bo Xu
Corcoran Urban Real Estate
| |
|
07/06/2022
|
3 Bed
|
2 Bath
|
2225 ft²
|
$829,900
3 Bed
2 Bath
2225 ft²
|
$782,500
-5.71%
08/23/2022
|
Lora Perlman
Coldwell Banker
| |
|
08/06/2021
|
3 Bed
|
4 Bath
|
2650 ft²
|
$950,000
3 Bed
4 Bath
2650 ft²
|
$940,000
-1.05%
07/06/2022
|
Elena Theodoros
@properties Christie's International Real Estate
| |
|
03/30/2021
|
3 Bed
|
3 Bath
|
2178 ft²
|
$775,000
3 Bed
3 Bath
2178 ft²
|
$710,000
-8.39%
11/23/2021
|
Susan Nice
| |
|
10/27/2020
|
3 Bed
|
2 Bath
|
2145 ft²
|
$955,000
3 Bed
2 Bath
2145 ft²
|
-
-
|
-
| |
|
04/27/2017
|
3 Bed
|
4 Bath
|
2650 ft²
|
$899,000
3 Bed
4 Bath
2650 ft²
|
$899,000
06/29/2017
|
Kate Stephens
@properties Christie's International Real Estate
| |
|
08/15/2016
|
3 Bed
|
3 Bath
|
2200 ft²
|
$699,900
3 Bed
3 Bath
2200 ft²
|
$682,000
-2.56%
05/31/2017
|
Kate Stephens
Berkshire Hathaway HomeServices KoenigRubloff
| |
|
04/03/2007
|
2 Bed
|
3 Bath
|
2100 ft²
|
$517,000
2 Bed
3 Bath
2100 ft²
|
$517,000
06/12/2007
|
Richard DeMaria
@properties Christie's International Real Estate
| |
|
12/13/2006
|
2 Bed
|
3 Bath
|
2300 ft²
|
$549,900
2 Bed
3 Bath
2300 ft²
|
$520,000
-5.44%
02/20/2007
|
Richard DeMaria
@properties Christie's International Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017