1
Map
232 ADELPHI Street #3
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 |
|---|---|---|---|
| Nov 3, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Sep 15, 2025 | Listed by Douglas Elliman Real Estate | $1,650,000 | |
| Listed by Douglas Elliman Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/26/2026
|
1 Bed
|
1 Bath
|
1117 ft²
|
$1,475,000
1 Bed
1 Bath
1117 ft²
|
$1,425,000
-3.39%
05/14/2026
|
Jessica Peters
Elliman
| |
|
01/26/2026
|
1 Bed
|
1 Bath
|
936 ft²
|
$1,495,000
1 Bed
1 Bath
936 ft²
|
$1,600,000
+7.02%
05/12/2026
|
Jessica Peters
Elliman
| |
|
12/16/2025
|
1 Bed
|
1 Bath
|
1148 ft²
|
$1,750,000
1 Bed
1 Bath
1148 ft²
|
$1,750,000
01/28/2026
|
Jessica Peters
Elliman
| |
|
10/16/2025
|
2 Bed
|
2 Bath
|
1784 ft²
|
$2,895,000
2 Bed
2 Bath
1784 ft²
|
$2,910,000
+0.52%
12/04/2025
|
Jessica Peters
Elliman
| |
|
09/15/2025
|
1 Bed
|
1 Bath
|
1000 ft²
|
$1,650,000
1 Bed
1 Bath
1000 ft²
|
$1,650,000
11/03/2025
|
Jessica Peters
Elliman
| |
|
09/09/2025
|
3 Bed
|
3 Bath
|
1935 ft²
|
$4,050,000
3 Bed
3 Bath
1935 ft²
|
$4,070,000
+0.49%
11/05/2025
|
Jessica Peters
Elliman
| |
|
09/04/2025
|
Studio
|
1 Bath
|
630 ft²
|
$1,355,000
Studio
1 Bath
630 ft²
|
$1,355,000
10/28/2025
|
Jessica Peters
Elliman
| |
|
08/20/2025
|
3 Bed
|
2 Bath
|
2300 ft²
|
$4,000,000
3 Bed
2 Bath
2300 ft²
|
$4,000,000
10/28/2025
|
Jessica Peters
Elliman
| |
|
07/16/2025
|
2 Bed
|
2 Bath
|
1431 ft²
|
$2,395,000
2 Bed
2 Bath
1431 ft²
|
$2,335,000
-2.51%
01/15/2026
|
Jessica Peters
Elliman
| |
|
07/16/2025
|
Studio
|
1 Bath
|
652 ft²
|
$1,195,000
Studio
1 Bath
652 ft²
|
$1,195,000
11/12/2025
|
Jessica Peters
Elliman
| |
|
07/16/2025
|
2 Bed
|
2 Bath
|
1190 ft²
|
$1,795,000
2 Bed
2 Bath
1190 ft²
|
$1,925,000
+7.24%
10/27/2025
|
Jessica Peters
Elliman
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017