309 Pershing Way
About This Property
It doesn't get any better!
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2021 | Sold | ||
| Sold | |||
| Jul 13, 2021 | Listed by Illustrated Properties LLC | $1,649,000 | |
| Listed by Illustrated Properties LLC | |||
| Apr 22, 2019 | Sold | ||
| Sold | |||
| Mar 27, 2019 | No longer available | - | |
| No longer available | |||
| Jan 5, 2019 | Listed | $639,000 | |
| Listed | |||
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El Cid Neighborhood LOCATED IN A BUSY CITY STREET, this is a beautiful 1920's renovated Historic home only one block from intracoastal. The house has original windows. Main house has 4 bedrooms, 3 bathrooms, formal living and dining room, eat it kitchen, tv room. Master bedroom has a sitting/tv room. This home was renovated 12yrs ago (new plumbing, a/c system, electrical). The a/c unit has 7years left in its warranty(parts and labor). Main house needs a roof right away. There is room for a small pool. Back building has two units; a one bedroom apartment with a bathroom and a studio apartment with a bathroom. Both apartments create around $2100 per month. Both tenants are on month to month leases, both interested in signing leases if possible. The manager has listed the unit size as 2475 square feet.
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About Pershing Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017