Located in one of New York City's most desirable and vibrant
neighborhoods, welcome to this 2 bedroom, 1 bathroom Chelsea
An easy 3 floors up, this beautiful and recently renovated
apartment offers a spacious layout with an entryway leading into an
open kitchen and dining area. The kitchen has recently been
renovated with stainless steel appliances and plenty of cabinet
space. The northern-facing, windowed kitchen opens onto a
large dining space with an abundant amount of room for
Unwind in the living area with two large windows and ample space
for all furnishings. The home offers two bedrooms that can
both accommodate a queen size beds and desk for a convenient work
from home situation.
This apartment is near iconic destinations such as the Highline,
Chelsea Market, and the Hudson River waterfront. It is also
conveniently located just steps away from multiple subway lines,
buses, markets, shops and restaurants.
This boutique pre-war co-op building is located on a beautiful
tree-lined block and includes a laundry, gym, bicycle, and common
storage. The building is extremely well-maintained, and quiet, and
allows pets, sublets, guarantors, and pied-a-terres (with board
Truly a value for this in-demand Chelsea address!
Be sure to check out the virtual tour here:
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.
learn more about cap rate here .