7
Map
$339,000
●
Co-op -
Off Market
242 E 38TH Street #1A
Manhattan, NY 10016
Studio
1 Bath
376 Sqft
$2,570
Est. Monthly
$905
HOA / Fees
8.46%
Cap Rate
About This Property
SHOWINGS BY APPOINTMENT! Fully Renovated Extra Large Alcove Studio
Windowed Bathroom Abundance of Built-in Storage Space Custom
Built-in Desk Area Custom Murphy Bed Split System A/C Western
Exposures Built in 1955, Incorporated in 1981 40 Units / 6 Floors
Non-Doorman Video Intercom Building Access Live-in
Superintendent (Accepts Packages) Central Laundry Room Pied-a-Terre
Allowed, Gifting Allowed, Co-Purchasing Allowed, Guarantors
Allowed, and Trusts Allowed (Case by Case) 80% Financing Allowed,
Pets Allowed Flip Tax: 2% of Purchase Price Payable by Seller
Unit Size
376Ft²
Days on Market
-
Land Size
-
Price per sqft
$902
Property Type
Co-op
Property Taxes
-
HOA Dues
$905
Year Built
1955
Payment Calculator
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
You can learn more about cap rate here .
Last updated: 16 days ago (RLS #RPLU-21922670509)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2023 | Listed by Brown Harris Stevens Residential Sales LLC | $339,000 | |
| Listed by Brown Harris Stevens Residential Sales LLC | |||
   | |||
|
SHOWINGS BY APPOINTMENT! Fully Renovated Extra Large Alcove Studio
Windowed Bathroom Abundance of Built-in Storage Space Custom
Built-in Desk Area Custom Murphy Bed Split System A/C Western
Exposures Built in 1955, Incorporated in 1981 40 Units / 6 Floors
Non-Doorman Video Intercom Building Access Live-in Superintendent
(Accepts Packages) Central Laundry Room Pied-a-Terre Allowed,
Gifting Allowed, Co-Purchasing Allowed, Guarantors Allowed, and
Trusts Allowed (Case by Case) 80% Financing…
| |||
| Dec 3, 2022 | No longer available | - | |
| No longer available | |||
| Dec 1, 2022 | Withdrawn | - | |
| Withdrawn | |||
| Jun 10, 2021 | Listed | $399,000 | |
| Listed | |||
   | |||
|
"RENTED 2021-2023"
| |||
| Oct 31, 2018 | Sold to Kimberly Ellen Bergman | ||
| Sold to Kimberly Ellen Bergman | |||
Show More
Property Highlights
Elevator
Doorman
Interior Details
Full Bathrooms: 1
Living Area: 376
Laundry Features: Building In Basement
Rooms: 2
Exterior Details
Year Built: 1955
Outdoor Living Structures: None
Pets Allowed: Building No, No
Tax Lot: 0035
Tax Block: 00918
Utilities Details
Cooling Type: Other
Location Details
Subdivision Name: Murray Hill
Stories Total: 6
View: Other
Association Fee: $905
Association Fee Frequency: Monthly
242 E 38TH Street #1A, Manhattan, NY, 10016
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Co-op
Stu
1
Bath
375 ft²
$1,013/ft²
$380,000
Sep 20, 2017
-
Feb 5, 2021
$778/mo
Co-op
Stu
1
Bath
350 ft²
$914/ft²
$320,000
Jun 22, 2021
$320,000
Mar 10, 2022
$772/mo
Co-op
Stu
1
Bath
475 ft²
$726/ft²
$345,000
May 12, 2021
$345,000
Dec 4, 2021
$841/mo
Co-op
Stu
1
Bath
450 ft²
$636/ft²
$286,000
Feb 1, 2013
$286,000
May 13, 2013
$873/mo
Co-op
Stu
1
Bath
475 ft²
$747/ft²
$355,000
Jul 9, 2021
$355,000
Jan 18, 2022
$911/mo
Co-op
Stu
1
Bath
475 ft²
$811/ft²
$385,000
Sep 23, 2019
$385,000
Mar 2, 2020
$734/mo
In Contract
Condo
Stu
1
Bath
350 ft²
$929/ft²
$325,000
Mar 1, 2024
-
$1,287/mo
Active
Condo
Stu
1
Bath
325 ft²
$1,105/ft²
$359,000
Jan 14, 2025
-
$1,201/mo
In Contract
Condo
Stu
1
Bath
300 ft²
$1,117/ft²
$335,000
Aug 29, 2021
-
$889/mo
In Contract
Condo
Stu
1
Bath
320 ft²
$1,247/ft²
$399,000
Sep 25, 2023
-
$973/mo
In Contract
Condo
Stu
1
Bath
300 ft²
$967/ft²
$290,000
Mar 1, 2024
-
$845/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
09/21/2023
|
Studio
|
1 Bath
|
-
|
$419,000
Studio
1 Bath
|
$396,000
-5.49%
03/08/2024
|
-
|
Daniel Kerin
Kleier Residential
| |
|
02/22/2023
|
1 Bed
|
1 Bath
|
-
|
$499,000
1 Bed
1 Bath
|
$432,500
-13.33%
08/10/2023
|
-
|
Peyton Yen
Engel & Volkers Brownstone Brooklyn
| |
|
10/06/2022
|
1 Bed
|
1 Bath
|
-
|
$499,900
1 Bed
1 Bath
|
-
-
|
-
|
Ryan Serhant
SERHANT.
| |
|
06/07/2022
|
Studio
|
1 Bath
|
-
|
$375,000
Studio
1 Bath
|
$415,000
+10.67%
12/12/2022
|
-
|
Daniel Kerin
Kleier Residential
| |
|
09/21/2021
|
Studio
|
1 Bath
|
-
|
$399,000
Studio
1 Bath
|
$385,000
-3.51%
03/17/2022
|
-
|
Max Lippman
Halstead Property, LLC
| |
|
07/09/2021
|
Studio
|
1 Bath
|
-
|
$375,000
Studio
1 Bath
|
$355,000
-5.33%
01/18/2022
|
-
|
Nicholas Oliver
Modern Spaces, LLC
| |
|
05/12/2021
|
Studio
|
1 Bath
|
475 ft²
|
$375,000
Studio
1 Bath
475 ft²
|
$345,000
-8.00%
12/04/2021
|
-
|
Jeffrey Bua
Elliman
| |
|
09/08/2020
|
Studio
|
1 Bath
|
-
|
$399,000
Studio
1 Bath
|
$380,000
-4.76%
08/18/2021
|
-
|
Daniel Kerin
Kleier Residential
| |
|
09/23/2019
|
Studio
|
1 Bath
|
475 ft²
|
$450,000
Studio
1 Bath
475 ft²
|
$385,000
-14.44%
03/02/2020
|
-
|
Danielle Nazinitsky
Compass
| |
|
02/22/2019
|
Studio
|
1 Bath
|
-
|
$469,000
Studio
1 Bath
|
$446,078
-4.89%
07/16/2019
|
-
|
Daniel Kerin
Kleier Residential
| |
|
09/13/2017
|
Studio
|
1 Bath
|
-
|
$379,500
Studio
1 Bath
|
$379,500
12/01/2017
|
-
|
Daniel Kerin
Kleier Residential
| |
|
01/20/2017
|
2 Bed
|
1 Bath
|
-
|
$665,000
2 Bed
1 Bath
|
$665,000
05/02/2017
|
-
|
Daniel Kerin
Kleier Residential
| |
|
07/22/2016
|
Studio
|
1 Bath
|
-
|
$447,000
Studio
1 Bath
|
-
-
|
-
|
Eduardo Lacson
Sothebys International Realty
| |
|
05/10/2016
|
Studio
|
1 Bath
|
-
|
$365,000
Studio
1 Bath
|
-
-
|
-
|
Daniel Kerin
Kleier Residential Inc
| |
|
12/12/2013
|
Studio
|
1 Bath
|
-
|
$295,000
Studio
1 Bath
|
$295,000
05/13/2014
|
-
|
Jeffrey Bua
Elliman
| |
|
09/08/2013
|
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
$430,000
11/19/2014
|
-
|
Edward J Tawil
Corcoran Group
| |
|
02/15/2013
|
1 Bed
|
1 Bath
|
-
|
$439,000
1 Bed
1 Bath
|
-
-
|
-
|
John A Herbst
Prudential Douglas Elliman Real Estate
| |
|
12/03/2012
|
1 Bed
|
1 Bath
|
-
|
$450,000
1 Bed
1 Bath
|
-
-
|
-
|
Daniel Kerin
Kleier Residential Inc
| |
|
09/20/2012
|
2 Bed
|
1 Bath
|
-
|
$535,000
2 Bed
1 Bath
|
-
-
|
-
|
John A Herbst
Prudential Douglas Elliman Real Estate
|
Building Info
242 E 38th St
242 East 38th Street, New York, NY 10016
- 44 Units
- 1 Unit for Sale
About Midtown Manhattan
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Nearby Rentals
Listed by: Andrew Glick
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Last Updated: 16 days ago
Last Checked: 9 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
The information is being provided by REBNY Listing Service, Inc. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 REBNY Listing Service, Inc. All rights reserved. RLS Data display by RH Advisors.
Listing Courtesy of Brown Harris Stevens Residential Sales LLC
Last Updated: 16 days ago
Last Checked: 9 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703
