228 2nd street
About This Property
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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 |
|---|---|---|---|
| Oct 26, 2018 | Sold | ||
| Sold | |||
| Aug 22, 2018 | Listed by CLIMB REAL ESTATE GROUP | $699,000 | |
| Listed by CLIMB REAL ESTATE GROUP | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/27/2025
| |
1 Bed
|
1 Bath
|
887 ft²
|
$399,000
1 Bed
1 Bath
887 ft²
|
$430,000
+7.77%
08/28/2025
|
Bach Nguyen
Jack London Square Realty
|
|
02/10/2022
| |
1 Bed
|
1 Bath
|
907 ft²
|
$719,000
1 Bed
1 Bath
907 ft²
|
-
-
|
Alden Wong
Compass
|
|
08/22/2018
| |
1 Bed
|
1 Bath
|
907 ft²
|
$699,000
1 Bed
1 Bath
907 ft²
|
$680,000
-2.72%
10/26/2018
|
James Edwards
CLIMB REAL ESTATE GROUP
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017