23 Bowdoin #5
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%.
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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 |
|---|---|---|---|
| May 8, 2014 | Sold | ||
| Sold | |||
| Dec 1, 2013 | Listed by Main Street Real Estate | $155,000 | |
| Listed by Main Street Real Estate | |||
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High Quality Tradesman Condominium in visible complex at Cotton Place, directly across from Botello's contractors entrance. Unit 5 has a 10'x10' Office, a Bathroom and an electric lift oversized garage door, high efficiency infrared gas heaters and ceiling fans. Partial loft provides additional storage area. Occupancy is by Special Permit Use. Uses involving auto repair or painting as well as storage of materials classified as high hazardous or explosive are not permitted. Unit is also available for lease at $1,250.00 per month (plus unit's interior utilities).
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/06/2014
|
Loft
|
1 Bath
|
1080 ft²
|
$155,000
Loft
1 Bath
1080 ft²
|
$140,000
-9.68%
08/06/2014
|
Antonia Kenny
Kinlin Grover Compass
| |
|
12/01/2013
|
Loft
|
-
|
-
|
$155,000
Loft
-
|
$150,000
-3.23%
05/08/2014
|
Antonia Kenny
Kinlin Grover Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017