199 PRINCE Street #12
About This Property
This corner (NW) 2BR/1BA apartment is in the final stages of a complete gut-renovation with careful attention to detail, creating an extraordinarily serene and comfortable oasis home in the center of it all. Only 2 flights up (walk-up), a long private entry hallway with exposed brick (perfect for coats/hats/shoes) brings you into a delightful windowed bistro dining area and the stunning new fully-equipped kitchen, which features a 30" Samsung 5-burner gas range, wall-mounted microwave, Samsung SS 30" D/W, LG combo W/D, Liebherr full-sized refrigerator w/ separate freezer, under-mount SS sink, tons of storage, soft-close cabinetry with subtle lacquered finish, and handsome Caesarstone backsplash & matching countertops. The crisp Carrera clad marble bathroom is windowed, and offers elegant tasteful basket-weave marble flooring, marble-topped vanity with storage +medicine cabinet, inset storage shelf, wall-insert heater, and a full-sized tub. The living room is functional and simple, with West-facing views of sunsets, ivy-clad handsome brick buildings, and a bit of open Western skyline. Both bedrooms are fair-sized and can accommodate a queen bed, are unbelievably quiet and private, and offer clever custom built-in closets. Additional features in this home perfectly finished home include newly installed HVAC (MITSUBISHI Tri-Zone w/ Wi-Fi Thermostats), hardwood flooring, new windows, baseboard moldings, solid-core full-height doors, recessed lighting, period-proper paint color-scheme, and outlets generously spread throughout the home. This unit does not face the (wonderfully-fun) Prince Street activity- - which as a rear-facing unit would typically mean quiet though with no light/view or privacy whatsoever, though the layout of this particular building allows for an unexpectedly charming & open feel + views in the main rooms here, offering the best of all worlds. Beautifully finished, stellar location, Condo w/ low carrys, natural light all day, and extreme privacya true oasis right upstairs from everything downtown.
199 Prince St. is a pet + investor-friendly boutique 6-story CONDO unlike most buildings of its age - - it is impeccably kept, has a well-lit windowed staircase, and offers a very solid historic feel throughout. The building has a private outdoor trash/recycling area, a full-time super, key-fob entry, video intercom, is intimate, safe, and extremely well-managed. The location is absolute top-shelf - - a small tree-lined block & within 60 seconds you are at Raoul's, The Dutch, Little Prince (downstairs!), Blue Ribbon, Trader Joes, Soho's Cast-Iron District, cross Houston into Greenwich Village, easy stroll to West Village or Nolita, E+ W transportation, etcundoubtedly one of the best blocks in downtown NYC. Please Note: 1) certain photos are from an identical unit in the same line of this bldg. (as apt. #12 is still finalizing renovations), and 2) this is a Sponsor sale, buyers may qualify for the NYC Condo Property Tax Abatement (please consult your attorney/CPA).
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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 |
---|---|---|---|
Apr 26, 2024 | Sold | ||
Sold | |||
Feb 12, 2024 | In contract | - | |
In contract | |||
Dec 4, 2023 | Price Decreased |
$1,299,000
↓ $86K
(6.2%) | |
Price Decreased | |||
Oct 19, 2023 | Listed by Douglas Elliman Real Estate | $1,385,000 | |
Listed by Douglas Elliman Real Estate |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/29/2024
|
2 Bed
|
1 Bath
|
528 ft²
|
$1,150,000
2 Bed
1 Bath
528 ft²
|
$1,125,000
-2.17%
07/11/2024
|
-
|
Chi Y Lui
Corcoran Group
| |
11/02/2023
|
3 Bed
|
1 Bath
|
-
|
$1,750,000
3 Bed
1 Bath
|
$1,500,000
-14.29%
04/26/2024
|
-
|
Hui Milligan
Douglas Elliman Real Estate
| |
10/19/2023
|
2 Bed
|
1 Bath
|
-
|
$1,385,000
2 Bed
1 Bath
|
$1,290,000
-6.86%
04/26/2024
|
-
|
Joseph C Monteleone
Douglas Elliman Real Estate
| |
01/21/2022
|
1 Bed
|
1 Bath
|
-
|
$629,000
1 Bed
1 Bath
|
$635,000
+0.95%
06/10/2022
|
Eugene Cordano
Brown Harris Stevens Residential Sales LLC
| ||
01/07/2022
|
2 Bed
|
1 Bath
|
-
|
$1,399,000
2 Bed
1 Bath
|
$1,221,900
-12.66%
09/12/2022
|
Joseph C Monteleone
Douglas Elliman Real Estate
| ||
07/26/2019
|
3 Bed
|
1 Bath
|
-
|
$1,749,000
3 Bed
1 Bath
|
$1,600,000
-8.52%
12/03/2019
|
Gregg Montalto
Brown Harris Stevens Residential Sales LLC
| ||
09/11/2018
|
1 Bed
|
-
|
-
|
$549,000
1 Bed
-
|
$585,000
+6.56%
12/04/2018
|
Eugene Cordano
Brown Harris Stevens Residential Sales LLC
| ||
10/06/2014
|
3 Bed
|
1 Bath
|
-
|
$1,449,000
3 Bed
1 Bath
|
-
01/26/2015
|
Eugene Cordano
Halstead dba Brown Harris Stevens Residential Sales LLC
| ||
06/01/2013
|
2 Bed
|
2 Bath
|
-
|
$830,000
2 Bed
2 Bath
|
$830,000
08/16/2013
|
Ryan Sullivan
Halstead dba Brown Harris Stevens Residential Sales LLC
|
Building Info
- 28 Units
- 1 Unit for Sale
