29 SOUTHGATE AVE
About This Property
Every so often, a home comes along that stops people in their tracks. For those who've admired this Murray Hill icon, now is your chance to make it yours. Built in 1915, this Grand Dame blends timeless elegance with modern potential. Set on a 40' x 140' lot, the property features a repointed retaining wall, newer architectural roof shingles, and a tranquil rear garden with a circular brick path-offering endless possibilities for both design and landscaping.
Inside, six bedrooms and three full baths span four spacious levels, including a dry, comfortable basement. Move-in ready with sunlit charm, the home also invites a stunning transformation that marries historic character with contemporary style.
Located just outside the Annapolis Historic District, renovations are made easier-giving you the freedom to create something truly spectacular. Don't miss your chance to own a piece of Murray Hill history. Come see it today!
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Mar 22, 2025 | In contract | - | |
| In contract | |||
| Feb 14, 2025 | In contract | - | |
| In contract | |||
| Feb 7, 2025 | Price Decreased |
$1,549,900
↓ $45K
(2.8%) | |
| Price Decreased | |||
| Jan 9, 2025 | Price Decreased |
$1,595,000
↓ $105K
(6.2%) | |
| Price Decreased | |||
Property Highlights
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Price/ft²
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017