250 W 24TH Street #5BE
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 19, 2022 | Sold to Sarah Buchman | $925,000 | |
Sold to Sarah Buchman | |||
Jul 15, 2022 | In contract | - | |
In contract | |||
Mar 31, 2022 | Price Decreased |
$950,000
↓ $24K
(2.5%)
|
|
Price Decreased | |||
Oct 15, 2021 | Price Decreased |
$974,000
↓ $1K
(0.1%)
|
|
Price Decreased | |||
Oct 7, 2021 | Price Decreased |
$975,000
↓ $24K
(2.4%)
|
|
Price Decreased |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/14/2023
|
1 Bed
|
1 Bath
|
750 ft²
|
$949,000
1 Bed
1 Bath
750 ft²
|
$930,000
-2.00%
07/28/2023
|
-
|
Mark Neary
Bank Neary Inc
|
|
03/08/2023
|
2 Bed
|
1 Bath
|
-
|
$1,750,000
2 Bed
1 Bath
|
$1,665,000
-4.86%
08/03/2023
|
-
|
Ari Harkov
Halstead Property, LLC
|
|
01/12/2023
|
1 Bed
|
1 Bath
|
-
|
$999,000
1 Bed
1 Bath
|
$985,000
-1.40%
04/17/2023
|
-
|
Mark Neary
Bank Neary Inc
|
|
09/14/2022
|
1 Bed
|
1 Bath
|
-
|
$1,175,000
1 Bed
1 Bath
|
$1,175,000
02/11/2023
|
-
|
Mark Neary
Bank Neary Inc
|
|
05/17/2022
|
2 Bed
|
2 Bath
|
1350 ft²
|
$1,750,000
2 Bed
2 Bath
1350 ft²
|
$1,750,000
09/07/2022
|
-
|
Kenneth Browne
R New York
|
|
04/27/2022
|
2 Bed
|
2 Bath
|
-
|
$1,595,000
2 Bed
2 Bath
|
$1,595,000
10/31/2022
|
-
|
David Pearlberg
Compass
|
|
03/17/2022
|
2 Bed
|
2 Bath
|
1350 ft²
|
$2,100,000
2 Bed
2 Bath
1350 ft²
|
$2,050,000
-2.38%
07/15/2022
|
-
|
Richard Geiringer
Compass
|
|
01/21/2022
|
Studio
|
1 Bath
|
-
|
$549,000
Studio
1 Bath
|
$512
-99.91%
08/22/2022
|
-
|
Mark Neary
Bank Neary Inc
|
|
08/18/2021
|
1 Bed
|
1 Bath
|
-
|
$999,000
1 Bed
1 Bath
|
$925,000
-7.41%
08/19/2022
|
-
|
Mark Neary
Bank Neary Inc
|
|
04/22/2021
|
1 Bed
|
1 Bath
|
-
|
$975,000
1 Bed
1 Bath
|
$975,000
08/27/2021
|
-
|
Mark Neary
Bank Neary Inc
|
|
12/26/2020
|
Studio
|
1 Bath
|
500 ft²
|
$649,000
Studio
1 Bath
500 ft²
|
$647,500
-0.23%
09/01/2021
|
-
|
Mark Neary
Bank Neary Inc
|
|
11/21/2020
|
Studio
|
1 Bath
|
-
|
$575,000
Studio
1 Bath
|
$555,000
-3.48%
04/25/2021
|
-
|
Ellen Saland
Compass
|
|
11/07/2019
|
Studio
|
1 Bath
|
350 ft²
|
$599,000
Studio
1 Bath
350 ft²
|
$599,000
09/01/2021
|
-
|
Mark Neary
Bank Neary Inc
|
|
04/02/2019
|
2 Bed
|
1 Bath
|
-
|
$1,700,000
2 Bed
1 Bath
|
$1,465,000
-13.82%
10/07/2019
|
-
|
Mark Neary
Bank Neary Inc
|
|
08/08/2018
|
1 Bed
|
1 Bath
|
790 ft²
|
$1,150,000
1 Bed
1 Bath
790 ft²
|
$950,000
-17.39%
03/18/2019
|
-
|
Mark Neary
Bank Neary Inc
|
|
07/30/2017
|
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
|
-
|
07/05/2017
|
1 Bed
|
1 Bath
|
750 ft²
|
$899,000
1 Bed
1 Bath
750 ft²
|
$879,500
-2.17%
11/21/2017
|
-
|
Harry DiOrio
Elliman
|
|
04/11/2017
|
1 Bed
|
1 Bath
|
700 ft²
|
$999,000
1 Bed
1 Bath
700 ft²
|
$975,000
-2.40%
08/07/2017
|
-
|
Charles Mattingly
Corcoran Group
|
|
01/07/2017
|
Studio
|
1 Bath
|
-
|
$621,000
Studio
1 Bath
|
-
-
|
-
|
Blair Sheehan
Compass
|
|
01/12/2017
|
Studio
|
1 Bath
|
-
|
$575,000
Studio
1 Bath
|
$575,000
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
|
07/29/2016
|
Studio
|
1 Bath
|
-
|
$660,000
Studio
1 Bath
|
$660,000
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
|
04/14/2016
|
3 Bed
|
2 Bath
|
-
|
$2,995,000
3 Bed
2 Bath
|
$2,775,000
-7.35%
08/18/2016
|
-
|
Patricia Goodwin
Compass
|
|
01/26/2016
|
Studio
|
1 Bath
|
500 ft²
|
$629,000
Studio
1 Bath
500 ft²
|
$629,000
04/15/2016
|
-
|
Pamela Wolfe
The Corcoran Group
|
|
10/01/2015
|
1 Bed
|
1 Bath
|
850 ft²
|
$1,150,000
1 Bed
1 Bath
850 ft²
|
$1,250,000
+8.70%
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
|
09/29/2015
|
2 Bed
|
2 Bath
|
-
|
$1,850,000
2 Bed
2 Bath
|
$1,650,000
-10.81%
02/05/2021
|
-
|
Confidence Stimpson
Warburg Realty Partnership, Ltd.
|
|
07/09/2015
|
3 Bed
|
3 Bath
|
-
|
$2,495,000
3 Bed
3 Bath
|
-
-
|
-
|
Confidence Stimpson
Warburg Realty Partnership, Ltd.
|
|
04/09/2014
|
1 Bed
|
1 Bath
|
-
|
$790,000
1 Bed
1 Bath
|
$780,000
-1.27%
02/05/2021
|
-
|
M Roncone
Brown Harris Stevens Residential Sales LLC
|
|
01/31/2014
|
2 Bed
|
2 Bath
|
1350 ft²
|
$1,895,000
2 Bed
2 Bath
1350 ft²
|
$1,800,000
-5.01%
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
|
09/13/2013
|
1 Bed
|
1 Bath
|
850 ft²
|
$975,000
1 Bed
1 Bath
850 ft²
|
$975,000
03/14/2014
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
|
05/30/2013
|
2 Bed
|
1 Bath
|
1200 ft²
|
$1,395,000
2 Bed
1 Bath
1200 ft²
|
$1,395,000
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
|
02/22/2013
|
Studio
|
1 Bath
|
450 ft²
|
$379,000
Studio
1 Bath
450 ft²
|
$346,000
-8.71%
08/14/2013
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
|
02/22/2013
|
1 Bed
|
1 Bath
|
850 ft²
|
$875,000
1 Bed
1 Bath
850 ft²
|
$875,000
12/18/2013
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
|
01/22/2013
|
1 Bed
|
1 Bath
|
825 ft²
|
$820,000
1 Bed
1 Bath
825 ft²
|
$809,000
-1.34%
02/05/2021
|
-
|
Susan Fishman
The Agency Brokerage
|
|
01/25/2012
|
1 Bed
|
1 Bath
|
720 ft²
|
$539,000
1 Bed
1 Bath
720 ft²
|
$530,000
-1.67%
11/28/2012
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
|
01/25/2012
|
1 Bed
|
1 Bath
|
650 ft²
|
$650,000
1 Bed
1 Bath
650 ft²
|
$635,000
-2.31%
11/29/2013
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
Building Info
- 159 Units
- 3 Units for Sale
About Midtown Manhattan
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