287 East Houston Street #3D
About This Property
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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 |
---|---|---|---|
Mar 8, 2024 | No longer available | - | |
No longer available | |||
Feb 22, 2024 | Price Decreased |
$1,050,000
↓ $89K
(7.8%) | |
Price Decreased | |||
Jan 11, 2024 | Price Decreased |
$1,139,000
↓ $36K
(3.1%) | |
Price Decreased | |||
Nov 8, 2023 | Price Decreased |
$1,175,000
↓ $74K
(5.9%) | |
Price Decreased | |||
Sep 14, 2023 | Price Decreased |
$1,249,000
↓ $50K
(3.9%) | |
Price Decreased |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
12/05/2023
|
1 Bed
|
1 Bath
|
624 ft²
|
$1,050,000
1 Bed
1 Bath
624 ft²
|
$908,888
-13.44%
11/25/2024
|
-
|
Michael Johnson
The Corcoran Group
| |
08/07/2023
|
1 Bed
|
1 Bath
|
-
|
$1,249,000
1 Bed
1 Bath
|
-
-
|
-
|
Arlene C. Conigliaro
Howard Hanna Coach
| |
05/09/2022
|
1 Bed
|
1 Bath
|
-
|
$1,475,000
1 Bed
1 Bath
|
-
-
|
-
|
Sean McPeak
Serhant
| |
02/18/2020
|
1 Bed
|
1 Bath
|
750 ft²
|
$1,375,000
1 Bed
1 Bath
750 ft²
|
$1,375,000
03/04/2021
|
-
|
Shelley Okeefe
Corcoran Group
| |
01/30/2020
|
2 Bed
|
2 Bath
|
1193 ft²
|
$2,775,000
2 Bed
2 Bath
1193 ft²
|
$2,469,256
-11.02%
03/10/2022
|
-
|
Shelley Okeefe
Corcoran Group
| |
05/06/2019
|
1 Bed
|
1 Bath
|
624 ft²
|
$1,195,000
1 Bed
1 Bath
624 ft²
|
$1,087,500
-9.00%
05/06/2020
|
Michael Johnson
Corcoran Sunshine Marketing Group
| ||
03/19/2019
|
1 Bed
|
1 Bath
|
750 ft²
|
$1,450,000
1 Bed
1 Bath
750 ft²
|
$1,300,000
-10.34%
02/28/2020
|
Shelley OKeefe
Corcoran Sunshine Marketing Group
| ||
03/19/2019
|
1 Bed
|
1 Bath
|
750 ft²
|
$1,395,000
1 Bed
1 Bath
750 ft²
|
$1,295,000
-7.17%
04/09/2020
|
-
|
Shelley Okeefe
Corcoran Group
| |
03/19/2019
|
2 Bed
|
2 Bath
|
1386 ft²
|
$2,795,000
2 Bed
2 Bath
1386 ft²
|
$2,795,000
05/27/2020
|
-
|
Shelley Okeefe
Corcoran Group
| |
03/19/2019
|
2 Bed
|
3 Bath
|
1406 ft²
|
$2,700,000
2 Bed
3 Bath
1406 ft²
|
$2,537,500
-6.02%
09/23/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
05/02/2018
|
2 Bed
|
2 Bath
|
1185 ft²
|
$2,700,000
2 Bed
2 Bath
1185 ft²
|
$2,609,270
-3.36%
04/25/2019
|
Shelley OKeefe
Corcoran Sunshine Marketing Group
| ||
05/02/2018
|
1 Bed
|
1 Bath
|
624 ft²
|
$1,230,000
1 Bed
1 Bath
624 ft²
|
$1,230,000
06/11/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
05/02/2018
|
2 Bed
|
3 Bath
|
1382 ft²
|
$2,700,000
2 Bed
3 Bath
1382 ft²
|
$2,565,000
-5.00%
05/10/2021
|
-
|
Shelley Okeefe
Corcoran Group
| |
04/20/2018
|
3 Bed
|
3 Bath
|
1959 ft²
|
$5,700,000
3 Bed
3 Bath
1959 ft²
|
$4,995,000
-12.37%
02/25/2021
|
-
|
Shelley Okeefe
Corcoran Group
| |
02/09/2018
|
1 Bed
|
1 Bath
|
750 ft²
|
$1,395,000
1 Bed
1 Bath
750 ft²
|
$1,295,000
-7.17%
12/30/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
02/09/2018
|
1 Bed
|
1 Bath
|
624 ft²
|
$1,265,000
1 Bed
1 Bath
624 ft²
|
$1,195,000
-5.53%
07/09/2021
|
-
|
Shelley Okeefe
Corcoran Group
| |
02/08/2018
|
2 Bed
|
2 Bath
|
1386 ft²
|
$2,350,000
2 Bed
2 Bath
1386 ft²
|
$2,250,000
-4.26%
05/16/2023
|
-
|
Shelley Okeefe
Corcoran Group
| |
02/07/2018
|
2 Bed
|
2 Bath
|
1260 ft²
|
$2,750,000
2 Bed
2 Bath
1260 ft²
|
$2,750,000
03/28/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
11/02/2017
|
2 Bed
|
2 Bath
|
-
|
$2,600,000
2 Bed
2 Bath
|
$2,560,000
-1.54%
04/11/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
11/02/2017
|
1 Bed
|
1 Bath
|
750 ft²
|
$1,475,000
1 Bed
1 Bath
750 ft²
|
$1,450,000
-1.69%
03/28/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
10/17/2017
|
1 Bed
|
1 Bath
|
624 ft²
|
$1,150,000
1 Bed
1 Bath
624 ft²
|
$1,150,000
04/12/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
09/28/2017
|
1 Bed
|
1 Bath
|
710 ft²
|
$1,225,000
1 Bed
1 Bath
710 ft²
|
$1,221,900
-0.25%
04/16/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
07/20/2017
|
1 Bed
|
1 Bath
|
750 ft²
|
$1,475,000
1 Bed
1 Bath
750 ft²
|
$1,475,000
03/25/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
05/07/2017
|
1 Bed
|
1 Bath
|
624 ft²
|
$1,180,000
1 Bed
1 Bath
624 ft²
|
$2,160,000
+83.05%
04/05/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
05/01/2017
|
2 Bed
|
2 Bath
|
1386 ft²
|
-
2 Bed
2 Bath
1386 ft²
|
-
-
|
-
|
Hayim Nommaz
Compass
| |
05/01/2017
|
1 Bed
|
1 Bath
|
624 ft²
|
$1,285,000
1 Bed
1 Bath
624 ft²
|
$1,295,000
+0.78%
04/26/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
04/29/2017
|
2 Bed
|
2 Bath
|
1154 ft²
|
$2,750,000
2 Bed
2 Bath
1154 ft²
|
$2,710,000
-1.45%
03/27/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
04/29/2017
|
1 Bed
|
1 Bath
|
750 ft²
|
$1,525,000
1 Bed
1 Bath
750 ft²
|
$1,504,720
-1.33%
03/27/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
04/29/2017
|
1 Bed
|
1 Bath
|
624 ft²
|
-
1 Bed
1 Bath
624 ft²
|
-
-
|
-
|
Michael Johnson
Compass
| |
09/12/2016
|
1 Bed
|
1 Bath
|
750 ft²
|
$1,575,000
1 Bed
1 Bath
750 ft²
|
$1,555,061
-1.27%
04/12/2019
|
-
|
Shelley Okeefe
Corcoran Group
| |
09/09/2016
|
1 Bed
|
1 Bath
|
624 ft²
|
-
1 Bed
1 Bath
624 ft²
|
-
-
|
-
|
Kathryn Sterling
Compass
| |
09/09/2016
|
1 Bed
|
1 Bath
|
750 ft²
|
-
1 Bed
1 Bath
750 ft²
|
-
-
|
-
|
287 East Houston Sales Gallery
Corcoran Group
| |
09/09/2016
|
2 Bed
|
2 Bath
|
1015 ft²
|
$2,300,000
2 Bed
2 Bath
1015 ft²
|
$2,145,000
-6.74%
04/16/2021
|
-
|
Shelley Okeefe
Corcoran Group
| |
09/09/2016
|
1 Bed
|
1 Bath
|
624 ft²
|
$1,180,000
1 Bed
1 Bath
624 ft²
|
$1,180,000
04/05/2019
|
-
|
Shelley Okeefe
Corcoran Group
|