16 N May Street #512
About This Property
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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%.
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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 |
|---|---|---|---|
| Jul 6, 2022 | Sold | ||
| Sold | |||
| Aug 6, 2021 | Listed by @properties Christie's International Real Estate | $950,000 | |
| Listed by @properties Christie's International Real Estate | |||
| | |||
|
Oversized triplex/townhome with the layout you have been waiting for in the heart of the West Loop. Award-winning Block X gated community featuring 3 bedrooms on one level and bathrooms on every level with plenty of space to spread out across 3 levels. Main level features living, dining and family room with hardwood floors and a gorgeous picture window overlooking the courtyard below. Open kitchen with newer kitchen appliances, granite counters with breakfast bar and crisp white shaker style cabinetry. Large balcony and powder room with pedestal sink finish off the main level. King size primary suite with ensuite bathroom featuring dual vanity sinks and separate shower and tub. Both full bathrooms have been updated with Restoration Hardware fixtures, white cabinetry, marble dual vanity in the master bath and quartz vanity with marble floors in the 2nd bathroom. Fourth bedroom/office plus a powder room/laundry room (easily converted to full bath) and 2-car heated attached garage on the first floor. Private patio surrounded by the professionally landscaped courtyard. Air conditioner new in 2019. Highly sought after Skinner West school district and walking distance to Whole Foods, Marianos, Target, Madison Row, Randolph and Fulton Market- a truly unbeatable location!
| |||
| Jun 29, 2017 | Sold | ||
| Sold | |||
| Apr 27, 2017 | Listed by Berkshire Hathaway HomeServices KoenigRubloff | $899,000 | |
| Listed by Berkshire Hathaway HomeServices KoenigRubloff | |||
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%
03/18/2024
|
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
|
-
-
|
-
| |
|
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
|
$681,575
-2.62%
05/15/2017
|
Kate Stephens
@properties Christie's International Real Estate
| |
|
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