255 W 23RD Street #2GE
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%.
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 |
---|---|---|---|
Jul 25, 2024 | In contract | - | |
In contract | |||
Jul 3, 2024 | Price Decreased |
$750,000
↓ $49K
(6.1%) | |
Price Decreased | |||
Jun 20, 2024 | Price Decreased |
$799,000
↓ $51K
(6%) | |
Price Decreased | |||
Nov 13, 2023 | Price Decreased |
$850,000
↓ $49K
(5.5%) | |
Price Decreased | |||
Nov 1, 2023 | Relisted | $899,000 | |
Relisted |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/07/2024
|
1 Bed
|
1 Bath
|
697 ft²
|
$1,045,000
1 Bed
1 Bath
697 ft²
|
$995,000
-4.78%
08/23/2024
|
-
|
Lawrence Treglia
Sotheby's International Realty, Inc.
| |
12/05/2022
|
1 Bed
|
1 Bath
|
-
|
$1,400,000
1 Bed
1 Bath
|
$998,750
-28.66%
08/09/2023
|
-
|
Michael Lubin
Brown Harris Stevens Residential Sales LLC
| |
09/14/2022
|
1 Bed
|
1 Bath
|
850 ft²
|
$1,150,000
1 Bed
1 Bath
850 ft²
|
$1,150,000
12/06/2022
|
-
|
Mark Neary
Bank Neary Inc
| |
08/05/2022
|
1 Bed
|
1 Bath
|
-
|
$1,050,000
1 Bed
1 Bath
|
$990,000
-5.71%
12/08/2022
|
-
|
Ronald Stabiner
KWNYC Midtown
| |
11/12/2021
|
Studio
|
1 Bath
|
500 ft²
|
$575,000
Studio
1 Bath
500 ft²
|
$550,000
-4.35%
07/29/2022
|
-
|
Mark Neary
Bank Neary Inc
| |
07/19/2021
|
2 Bed
|
1 Bath
|
-
|
-
2 Bed
1 Bath
|
$1,050,000
03/09/2022
|
-
|
Mark Neary
Bank Neary Inc
| |
05/06/2021
|
1 Bed
|
1 Bath
|
-
|
$975,000
1 Bed
1 Bath
|
$865,000
-11.28%
04/15/2022
|
-
|
Mark Neary
Bank Neary Inc
| |
05/06/2021
|
1 Bed
|
1 Bath
|
750 ft²
|
$999,000
1 Bed
1 Bath
750 ft²
|
$980,000
-1.90%
09/27/2021
|
-
|
Mark Neary
Bank Neary Inc
| |
03/14/2021
|
1 Bed
|
1 Bath
|
-
|
$945,000
1 Bed
1 Bath
|
$945,000
06/22/2021
|
-
|
Germany Sears Team
Elliman
| |
11/16/2020
|
1 Bed
|
1 Bath
|
-
|
$899,000
1 Bed
1 Bath
|
$899,000
09/01/2021
|
-
|
Mark Neary
Bank Neary Inc
| |
03/26/2019
|
Studio
|
1 Bath
|
500 ft²
|
$575,000
Studio
1 Bath
500 ft²
|
$464,000
-19.30%
10/21/2019
|
-
|
Mark Neary
Bank Neary Inc
| |
03/04/2019
|
2 Bed
|
1 Bath
|
-
|
$1,550,000
2 Bed
1 Bath
|
$1,450,000
-6.45%
03/10/2020
|
-
|
Michael Walsh
Sothebys International Realty
| |
07/30/2017
| |
Studio
|
1 Bath
|
-
|
-
Studio
1 Bath
|
-
-
|
-
|
-
|
03/02/2017
|
2 Bed
|
1 Bath
|
-
|
$1,575,000
2 Bed
1 Bath
|
-
-
|
-
|
William Rodgers
Sothebys International Realty
| |
10/27/2016
|
1 Bed
|
1 Bath
|
750 ft²
|
$1,175,000
1 Bed
1 Bath
750 ft²
|
$1,075,000
-8.51%
05/01/2017
|
-
|
Marie Espinal
Prudential Douglas Elliman Real Estate
| |
09/15/2016
|
Studio
|
1 Bath
|
-
|
$599,000
Studio
1 Bath
|
$450,000
-24.87%
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
06/15/2016
|
2 Bed
|
2 Bath
|
-
|
$2,225,000
2 Bed
2 Bath
|
-
-
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
05/23/2016
|
1 Bed
|
1 Bath
|
850 ft²
|
$1,225,000
1 Bed
1 Bath
850 ft²
|
$1,250,000
+2.04%
03/07/2017
|
-
|
Ildiko Gugan
Citi Habitats, Inc.
| |
03/28/2016
|
1 Bed
|
1 Bath
|
725 ft²
|
$1,100,000
1 Bed
1 Bath
725 ft²
|
$1,090,000
-0.91%
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
01/14/2016
|
2 Bed
|
1 Bath
|
-
|
$1,640,000
2 Bed
1 Bath
|
$1,595,000
-2.74%
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
11/10/2015
|
1 Bed
|
1 Bath
|
850 ft²
|
$1,210,000
1 Bed
1 Bath
850 ft²
|
$1,210,000
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
10/20/2015
|
2 Bed
|
1 Bath
|
-
|
$1,645,000
2 Bed
1 Bath
|
$1,565,000
-4.86%
07/25/2016
|
-
|
Jen Wening
Brown Harris Stevens Residential Sales LLC
| |
05/27/2015
|
1 Bed
|
1 Bath
|
750 ft²
|
$985,000
1 Bed
1 Bath
750 ft²
|
$1,085,000
+10.15%
09/16/2015
|
-
|
Susan Singer
Compass
| |
04/30/2014
|
1 Bed
|
1 Bath
|
800 ft²
|
$875,000
1 Bed
1 Bath
800 ft²
|
$860,000
-1.71%
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
01/30/2014
|
1 Bed
|
1 Bath
|
-
|
$999,999
1 Bed
1 Bath
|
$930,000
-7.00%
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
10/03/2013
|
1 Bed
|
1 Bath
|
800 ft²
|
$950,000
1 Bed
1 Bath
800 ft²
|
$950,000
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
09/20/2013
|
1 Bed
|
1 Bath
|
750 ft²
|
$849,000
1 Bed
1 Bath
750 ft²
|
$840,000
-1.06%
03/17/2014
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
08/07/2013
|
Studio
|
1 Bath
|
500 ft²
|
$485,000
Studio
1 Bath
500 ft²
|
$399,999
-17.53%
02/05/2021
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
03/26/2013
|
Studio
|
1 Bath
|
500 ft²
|
$449,000
Studio
1 Bath
500 ft²
|
-
-
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
11/15/2012
|
2 Bed
|
1 Bath
|
-
|
$1,175,000
2 Bed
1 Bath
|
$1,150,000
-2.13%
08/23/2013
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
05/09/2012
|
1 Bed
|
1 Bath
|
-
|
$775,000
1 Bed
1 Bath
|
$730,000
-5.81%
05/09/2013
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
04/06/2012
|
1 Bed
|
1 Bath
|
850 ft²
|
$775,000
1 Bed
1 Bath
850 ft²
|
$730,000
-5.81%
09/15/2012
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
12/08/2011
|
1 Bed
|
1 Bath
|
850 ft²
|
$850,000
1 Bed
1 Bath
850 ft²
|
-
-
|
-
|
Mark G Neary
DG Neary Realty Ltd.
| |
05/24/2011
|
1 Bed
|
1 Bath
|
750 ft²
|
$675,000
1 Bed
1 Bath
750 ft²
|
$650,000
-3.70%
08/21/2012
|
-
|
Mark G Neary
DG Neary Realty Ltd.
|
Building Info
- 159 Units
- 2 Units for Sale