206 W 8th Street
About This Property
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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.
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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 |
|---|---|---|---|
| Mar 16, 2022 | Sold | ||
| Sold | |||
| Feb 2, 2022 | No longer available | - | |
| No longer available | |||
| Feb 2, 2022 | Listed by Witte Properties | $399,000 | |
| Listed by Witte Properties | |||
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If walls could talk this stunning property would certainly make a statement. Constructed in 1905 by a prominent family employing skilled tradesmen who were ship builders from Galveston, curved walls and detailed woodwork are featured. Original stained-glass windows continue to be preserved as jewelry for the home. Originally the property was a one bath home and has been redesigned to include more useable space. Lovingly restored and featuring a jaw-dropping kitchen. The kitchen is defiantly the heart of the home. The detail in the design is extraordinary as cabinet doors are opened and one surprise after the other is exposed. The kitchen features 2 stoves, 2 refrigerators, and 2 sinks. There are 2 bedrooms in the main house, 1 bed in the attic loft with exterior staircase and full bath, and 1 bed in guest house. A detached guest house includes a living area, kitchenette, full bath, and bedroom with a Murphy bed. A large workshop is an extra bonus.
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| Dec 15, 2021 | Listed by APEX Texas Realty | $399,000 | |
| Listed by APEX Texas Realty | |||
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Absolutely stunning, old world charm you will not find this quality of craftsmanship today. Large kitchen, dining and living areas. make it perfect for entertaining. The main home has two bedroom, two and a half baths . There is an upstairs loft apartment with its own entrance, cozy for company. Five fireplaces they are not vented. Beautiful backyard with raised gardens, reflective pool out door kitchen and dining. There is a Studio guest quarters with a kitchenette , living room and Murphy bed. There are two gas ovens and one electric oven. Please see the associated documents for upgrades and additional information. The manager has listed the unit size as 2950 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017