25-47 23rd Street #3R
About This Property
Listed By
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Cap Rate Calculator
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 .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 17, 2024 | Price Decreased |
$649,000
↓ $30K
(4.4%)
|
|
Price Decreased | |||
Sep 4, 2024 | Relisted | $679,000 | |
Relisted | |||
Aug 14, 2024 | In contract | - | |
In contract | |||
May 22, 2024 | Price Decreased |
$679,000
↓ $20K
(2.9%)
|
|
Price Decreased | |||
Apr 24, 2024 | Listed by Compass Greater NY LLC | $699,000 | |
Listed by Compass Greater NY LLC |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/27/2024
|
1 Bed
|
1 Bath
|
-
|
$715,000
1 Bed
1 Bath
|
-
-
|
-
|
Allan Zapadinsky
KWNYC Midtown
|
|
02/26/2024
|
2 Bed
|
1 Bath
|
-
|
$725,000
2 Bed
1 Bath
|
$751,000
+3.59%
05/20/2024
|
-
|
Robert Bonhage
KWNYC Tribeca
|
|
11/27/2023
|
1 Bed
|
1 Bath
|
-
|
$675,000
1 Bed
1 Bath
|
$687,500
+1.85%
03/01/2024
|
Albi Kallashi
Compass Greater NY LLC
|
||
08/15/2023
|
Studio
|
1 Bath
|
525 ft²
|
$475,000
Studio
1 Bath
525 ft²
|
$450,000
-5.26%
12/22/2023
|
Michelle Jean
Compass
|