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198 E 7TH Street #1
About This Property
The open kitchenette features a window and a functional pullman kitchen design, seamlessly connecting to a cozy dining area. With North and West-facing windows, the unit enjoys moderate natural light, while double-pane windows ensure peace and quiet. Clever features like a Murphy bed and ample closet space make this apartment highly functional. The bathroom includes a classic layout with a window for natural light and ventilation.
Located in the heart of the East Village, this studio puts you nearby iconic spots like Tompkins Square Park, eclectic dining options, unique boutiques, and cultural attractions. Enjoy the convenience of living in one of NYC's most dynamic neighborhoods. Don't miss your chance to own this East Village gem! Schedule a viewing today and turn this studio into your perfect urban home.
Pets considered on a case-by-case basis. No pied-a-terre, gifting, and parent buying for child allowed. Subletting allowed 2 out of every 5 years after 2 years of residency with board approval. Standard co-op purchase application process and fees applies.
Listed By
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Cap Rate Calculator
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 |
---|---|---|---|
Jun 28, 2025 | In contract | - | |
In contract | |||
May 23, 2025 | Listed by Corcoran Group | $275,000 | |
Listed by Corcoran Group |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/17/2021
|
1 Bed
|
1 Bath
|
-
|
$850,000
1 Bed
1 Bath
|
$875,000
+2.94%
08/05/2021
|
Maggie Moore
CORE Group Marketing LLC
| ||
03/01/2021
|
2 Bed
|
1 Bath
|
-
|
$875,000
2 Bed
1 Bath
|
$895,000
+2.29%
06/02/2021
|
Nadia Bartolucci
Douglas Elliman Real Estate
| ||
09/07/2013
|
2 Bed
|
1 Bath
|
-
|
$735,000
2 Bed
1 Bath
|
$800,000
+8.84%
05/15/2014
|
Rachel Field
Corcoran Group
| ||
11/28/2012
|
2 Bed
|
2 Bath
|
-
|
$795,000
2 Bed
2 Bath
|
$747,000
-6.04%
12/03/2012
|
Cyrus Greenspon
Sothebys International Realty
| ||
11/30/-0001
|
2 Bed
|
2 Bath
|
-
|
$795,000
2 Bed
2 Bath
|
$795,000
10/16/2014
|
-
|
Cyrus Greenspon
Sothebys International Realty
|
Building Info
