344 8TH ST NE
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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.
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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 |
|---|---|---|---|
| Jun 30, 2023 | Sold | ||
| Sold | |||
| May 6, 2023 | In contract | - | |
| In contract | |||
| Apr 5, 2023 | No longer available | - | |
| No longer available | |||
| Apr 5, 2023 | Listed by Compass | $1,050,000 | |
| Listed by Compass | |||
| Dec 12, 2022 | Listed by Compass | $1,175,000 | |
| Listed by Compass | |||
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Spacious commercial space with an amazing separate 1 bedroom apartment on a fantastic corner in the heart of Capitol Hill. Great street presence with gated, well manicured garden and large shop windows. Fantastic location near Eastern Market and Union Station. Current commercial tenant paying $2,470/month has a take in laundry - tailor shop. Leased through 2025. Residential apartment upstairs is Vacant and has a separate entrance through the gated, off street parking space.
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About Southeast Washington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017