317 E 3RD Street #4
About This Property
$60K PRICE DROP! UTTERLY CHARMING EAST VILLAGE COOP GEM. Flexible Layout - originally a Two Bedroom home, currently configured as Open Studio with Exposed Brick and Wooden Beams with High Ceilings. Corner Second Floor Unit. Windowed Kitchen. Washer/Dryer hookup. Storage Cage included. Well-maintained and managed coop and on-site managing agent. Incredibly Low Maintenance - has been the same for more than 10 years! Verizon FIOS Internet capital charge for $40/month through 2024, after which it becomes free! Conveniently situated by the best of the East Village and Lower East Side. Right around the corner from Houston Street. Truly unique opportunity for NYC home ownership in a great location - this is well run HDFC coop with newly increased income cap of $180,000 per individual or $205,000 per couple. Maintenance has Stayed Same for over 20 years. Unlimited Gifting Allowed.
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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 |
|---|---|---|---|
| Oct 10, 2024 | Price Decreased |
$485,000
↓ $60K
(11%)
|
|
| Price Decreased | |||
| May 30, 2024 | Price Decreased |
$545,000
↓ $50K
(8.4%)
|
|
| Price Decreased | |||
| Feb 11, 2024 | Relisted | $595,000 | |
| Relisted | |||
| Feb 2, 2024 | No longer available | - | |
| No longer available | |||
| Jul 29, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
04/12/2023
|
1 Bed
|
1 Bath
|
-
|
$705,000
1 Bed
1 Bath
|
$705,500
+0.07%
06/30/2023
|
Nicholas Oliver
Hauseit LLC
|
||
|
09/07/2022
|
Studio
|
1 Bath
|
-
|
$625,000
Studio
1 Bath
|
-
-
|
-
|
Nicholas Oliver
Modern Spaces, LLC
|
|
|
07/25/2022
|
Studio
|
1 Bath
|
-
|
$675,000
Studio
1 Bath
|
$555,000
-17.78%
12/20/2022
|
Michael Weiner
Stephen P Wald Real Estate Associates Inc
|
||
|
10/12/2017
|
1 Bed
|
1 Bath
|
-
|
$445,000
1 Bed
1 Bath
|
$445,000
01/03/2018
|
- Private -
|
Jill Letts
Corcoran Group
|
|
|
10/31/2016
|
1 Bed
|
1 Bath
|
500 ft²
|
$515,000
1 Bed
1 Bath
500 ft²
|
$501,000
-2.72%
03/16/2017
|
Trisha Goff
Compass
|
||
|
09/22/2015
|
1 Bed
|
1 Bath
|
-
|
$635,000
1 Bed
1 Bath
|
$635,000
02/18/2016
|
Kari Kaplan
Douglas Elliman Real Estate
|
||
|
11/06/2014
|
1 Bed
|
1 Bath
|
500 ft²
|
$525,000
1 Bed
1 Bath
500 ft²
|
-
-
|
-
|
Trisha Goff
Sothebys International Realty
|
|
|
09/27/2013
|
1 Bed
|
1 Bath
|
-
|
$539,000
1 Bed
1 Bath
|
$539,000
01/03/2014
|
Benjamin Glazer
Compass
|
||
|
08/05/2013
|
1 Bed
|
1 Bath
|
500 ft²
|
$519,000
1 Bed
1 Bath
500 ft²
|
-
-
|
-
|
Trisha Goff
Sothebys International Realty
|
Building Info
- 35 Units
- 2 Units for Sale
About Downtown Manhattan
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Listing Courtesy of Douglas Elliman Real Estate
Last Updated: 22 hours ago
Last Checked: 15 minutes ago
Data Source: REBNY (©2024 Real Estate Board of New York)
