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331 E 8th Street #2
About This Property
331 East 8th Street 2nd Floor
One of a kind full floor two bedroom two bath condo with triple exposure in a boutique building with low taxes. Enjoy a spectacular zen like setting with generous sun from three exposures overlooking glorious blooming East Village community gardens. There is nothing like it. Low carrying charges too, taxes are just $128 a month with a 421A tax abatement that goes until 2032.
Culinary joy awaits in the spacious open chef's kitchen with top of the line stainless appliances, Sub Zero refrigerator, Dacor microwave, Bosch dishwasher and a gleaming five burner Viking range. A beautiful large white vein ebony marble counter was recently added and also functions as a breakfast bar overlooking the kitchen.
A grand room with oversized south facing windows and an Eastern garden exposure offers abundant sun and plenty of space for entertaining, dining or relaxing.
This high ceiling loft-like home offers two large bedrooms in the back with oversized north facing windows taking in the beautiful vista of open community gardens that go all the way to Ninth Street. The primary bedroom has a walk-in closet / dressing area and en suite bath with a spa shower. The unit also features a washer dryer, rare central heat HVAC, key locked elevator access and a video intercom system. The large second bath features an extra deep soaking tub. There is also a deeded large basement storage space that transfers with the unit. East 8th Street is a quiet tree lined street just half a block from Tomkins Square Park surrounded by great restaurants, nightlife, culture and the year round Tompkins Square Greenmarket.
Listed By
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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%.
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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 |
---|---|---|---|
Jul 17, 2025 | Price Decreased |
$1,850,000
↓ $145K
(7.3%) | |
Price Decreased | |||
May 14, 2025 | Price Decreased |
$1,995,000
↓ $255K
(11.3%) | |
Price Decreased | |||
Apr 15, 2025 | Listed by Compass | $2,250,000 | |
Listed by Compass | |||
May 10, 2006 | Sold to Anne Carty, Philip Carty | ||
Sold to Anne Carty, Philip Carty |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/28/2020
|
2 Bed
|
2 Bath
|
1351 ft²
|
$1,900,000
2 Bed
2 Bath
1351 ft²
|
$1,750,000
-7.89%
04/30/2021
|
-
|
Meris Blumstein
The Corcoran Group
| |
01/24/2014
|
3 Bed
|
2 Bath
|
2057 ft²
|
$2,950,000
3 Bed
2 Bath
2057 ft²
|
$2,800,000
-5.08%
02/05/2021
|
-
|
Rado Varchola
The Corcoran Group
|
Building Info
- 5 Units
- 1 Unit for Sale
