248 E 31st Street #1D
About This Property
On the main level of this apartment, you'll find a spacious living and dining area with a wood-burning fireplace, newly installed oak flooring throughout the whole apartment, and a wall of windows offering a breathtaking view. Next to the dining area, you'll find an open kitchen with a double-door refrigerator, a dishwasher, a gas stove, custom cabinets, and a breakfast bar. There's also a king-sized bedroom and a bathroom on this floor.
The top floor boasts a study overlooking the living room below and an expansive primary bedroom with an en-suite bathroom.
The lower level, 20' by 20', offers a spacious recreation room with a walk-in closet, a washer-dryer unit, and a powder room. This versatile space could serve as an additional bedroom, a home office, or anything else you can imagine. An additional entrance/exit door provides convenient access to the building's storage units.
The building was originally built as a school but was converted into a condominium in 1981, and it now consists of 30 residential units. The residents of the building enjoy the convenience of having a 24-hour doorman and a planted roof deck, which serves as a relaxation spot and extra storage in the basement. It is located on a charming tree-lined street, which is in close proximity to various amenities, including Trader Joe's, fine restaurants, bars, a movie theater, and easy access to transportation.
Listed By
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jul 30, 2024 | Price Decreased |
$1,995,000
↓ $105K
(5%)
|
|
Price Decreased | |||
Mar 25, 2024 | Listed by Compass | $2,100,000 | |
Listed by Compass | |||
Mar 29, 2017 | Listed by Compass | $2,000,000 | |
Listed by Compass | |||
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Welcome to your new home: a truly one of a kind triplex 3 bedroom,
2.5 baths on a beautiful tree-lined street. This condo offers a
spacious and functional layout with dramatic features such as 18Â
ceilings, a central spiral staircase leading to 3 individual levels
with a gallery wall of stacked windows.
Enter into the main level and youÂll find a beautifully renovated
open kitchen that is perfect for entertaining. The kitchen features
a double width refrigerator, gas stove, custom…
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Apr 12, 2011 | Sold to David R Hillcoat, Ellen Jac... | $1,350,000 | |
Sold to David R Hillcoat, Ellen Jac... |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
10/03/2019
|
2 Bed
|
3 Bath
|
-
|
$1,395,000
2 Bed
3 Bath
|
$1,125,000
-19.35%
10/20/2020
|
-
|
Gage Rand
Brown Harris Stevens
|
|
03/14/2018
|
2 Bed
|
2 Bath
|
-
|
$1,450,000
2 Bed
2 Bath
|
$1,450,000
06/12/2018
|
-
|
Gage Rand
Brown Harris Stevens
|
|
03/29/2017
|
2 Bed
|
2.5 Bath
|
1600 ft²
|
$1,798,000
2 Bed
2.5 Bath
1600 ft²
|
$1,825,000
+1.50%
07/07/2017
|
-
|
Carol Robinson
Elliman
|
|
03/29/2017
|
3 Bed
|
2.5 Bath
|
1957 ft²
|
$2,000,000
3 Bed
2.5 Bath
1957 ft²
|
-
-
|
-
|
Ehud Eliasi
Compass
|
|
11/07/2016
|
2 Bed
|
2 Bath
|
-
|
$1,550,000
2 Bed
2 Bath
|
$1,550,000
02/05/2021
|
-
|
Lynda Deppe
Compass
|
|
07/08/2015
|
1 Bed
|
1 Bath
|
1184 ft²
|
$1,185,000
1 Bed
1 Bath
1184 ft²
|
$1,185,000
03/24/2017
|
-
|
Armanda C
Douglas Elliman Real Estate
|
|
06/09/2015
|
2 Bed
|
2.5 Bath
|
2035 ft²
|
$1,300,000
2 Bed
2.5 Bath
2035 ft²
|
$1,300,000
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
|
|
08/13/2014
|
2 Bed
|
1.5 Bath
|
1100 ft²
|
$1,050,000
2 Bed
1.5 Bath
1100 ft²
|
-
-
|
-
|
Olivier Pomedio
Corcoran Group
|
|
05/15/2014
|
2 Bed
|
2 Bath
|
1276 ft²
|
$1,680,000
2 Bed
2 Bath
1276 ft²
|
-
-
|
-
|
Carrie Chiang
The Corcoran Group
|
|
03/10/2014
|
2 Bed
|
2 Bath
|
1220 ft²
|
$1,145,000
2 Bed
2 Bath
1220 ft²
|
$1,145,000
07/10/2014
|
-
|
Jaswant Lalwani
The Corcoran Group
|
|
01/23/2014
|
1 Bed
|
1 Bath
|
1050 ft²
|
-
1 Bed
1 Bath
1050 ft²
|
$1,177,777
12/20/2013
|
-
|
Patricia Galante
The Corcoran Group
|
|
10/16/2013
|
2 Bed
|
2 Bath
|
1133 ft²
|
$1,295,000
2 Bed
2 Bath
1133 ft²
|
-
-
|
-
|
Mark Landrey
Douglas Elliman Real Estate
|
|
09/21/2013
|
2 Bed
|
1 Bath
|
1134 ft²
|
$999,000
2 Bed
1 Bath
1134 ft²
|
-
-
|
-
|
Julia Ford
Douglas Elliman Real Estate
|
|
09/21/2013
|
2 Bed
|
2 Bath
|
1300 ft²
|
$1,299,000
2 Bed
2 Bath
1300 ft²
|
-
-
|
-
|
JENNIFER KALISH
Prudential Douglas Elliman Real Estate
|
Building Info
- 30 Units
- 2 Units for Sale
About Midtown Manhattan
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