207 Cornelia Street #0
About This Property
TWO-O-SEVEN CORNELIA
This rare, FOUR STORY, TWO FAMILY town house is brand new and conveniently located within 30 minutes of Union Square on four major train lines!
Built a full 18x55 on four floors, all floors are above ground yielding an impressive 3,960 square feet, plus 990 sqft roof deck, two terraces and landscaped yard.
Inside, this home boasts two large duplexes. The lower duplex features 2 bedrooms, 2.5 bathrooms, laundry and yard access. The upper duplex features 3 bedrooms, 2.5 bathrooms, laundry, 2 terraces and private roof deck. Mechanically state of the art, this home features a built in sound system, central heat and AC and completely separate utilities.
"Live-Plus-Income" with potential rent of $3,000 to $4,000 per month to pay for almost all of your mortgage. Or buy with friends and each take a huge duplex with private outdoor space. The first floor has an additional private entrance to the street offering several possibilities. It can be used by an owner for a studio, business or may potentially convert the ground floor to a separate third apartment.
Investor buyers here can enjoy strong income and major appreciation since 207 Cornelia is conveniently located near restaurants and shopping along Knickerbocker Avenue and Broadway and equidistant to the Myrtle-Wycoff Ave L, Gates avenue J/Z, Knickerbocker Ave M.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Nov 2, 2017 | Sold | ||
| Sold | |||
| Apr 4, 2017 | Listed by Elliman | $1,585,000 | |
| Listed by Elliman | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/04/2017
| |
Studio
|
-
|
3960 ft²
|
$1,585,000
Studio
-
3960 ft²
|
$1,575,000
-0.63%
11/02/2017
|
Bren Salamon
Elliman
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017