2 Chelsea Boulevard
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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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| May 7, 2024 | Relisted | $1,950,000 | |
| Relisted | |||
| Sep 27, 2022 | Listed by Womack Development & Investment Realtors | $1,950,000 | |
| Listed by Womack Development & Investment Realtors | |||
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Currently occupied as a medical office, this property is located in Montrose and is situated on a lot of more than 13,000 square feet. Nestled between the Museum District and the Texas Medical Center, this lot is highly attractive to anyone looking for an opportunity to redevelop the current improved property or tear down and build new. New construction residential and commercial properties are all around. High walkability score with top rated restaurants and bars nearby as well as Bell Park. Easy access to Highway 59, 610 and 288.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017