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176-178 Division Avenue
About This Property
41 x 100 lot area
R6/C1-3 zoning
21,200sf buildable
- 9700sf residential (2nd 6th floor)
- 8200sf retail (ground + cellar)
- 3300sf comm facility (2nd floor)
Foundation good, phase 1 clean (from 11/2013)
Preliminary plans attached
421A Tax abatement
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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 |
|---|---|---|---|
| Oct 31, 2018 | Sold | ||
| Sold | |||
| Sep 4, 2018 | Sold | ||
| Sold | |||
| May 6, 2015 | Sold | ||
| Sold | |||
| Sep 10, 2014 | Listed by Sothebys International Realty | $3,900,000 | |
| Listed by Sothebys International Realty | |||
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Excellent Starter Project! Foundation in place and plans are made! 41 x 100 lot areaR6/C1-3 zoning21,200sf buildable- 9700sf residential (2nd 6th floor) - 8200sf retail (ground + cellar)- 3300sf comm facility (2nd floor)Foundation good, phase 1 clean (from 11/2013)Preliminary plans attached421A Tax abatement
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| Jan 31, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017