347 W 22ND Street #3
About This Property
Built in 1910, 345-347 West 22nd Street is an established 11 unit cooperative with a handsome red brick facade and stoop in the heart of the vibrant West Chelsea neighborhood. West Chelsea is home to hundreds of the world's most exciting galleries, shops and restaurants and minutes to the Highline Park, Hudson River Park, Hudson Yards, Little Island Park, Chelsea Market and the Whitney Museum. Pets and pied-a-terres are permitted with board approval. 80% financing permitted. Flip tax of $750 per share by Purchaser.
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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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 4, 2024 | Listed by Corcoran Group | $2,750,000 | |
Listed by Corcoran Group | |||
Nov 14, 2018 | Sold to Deborah Goldman Harper, Rob... | ||
Sold to Deborah Goldman Harper, Rob... |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/03/2022
|
2 Bed
|
2 Bath
|
-
|
$1,385,000
2 Bed
2 Bath
|
$1,470,000
+6.14%
05/24/2022
|
-
|
Jennifer Cooke
Brown Harris Stevens
| |
05/10/2019
|
4 Bed
|
3 Bath
|
-
|
$3,295,000
4 Bed
3 Bath
|
$2,874,000
-12.78%
01/08/2020
|
-
|
Donna Strugatz
Serhant
| |
02/27/2018
|
2 Bed
|
2 Bath
|
-
|
$2,350,000
2 Bed
2 Bath
|
$1,995,000
-15.11%
11/13/2018
|
-
|
Jonathan Conlon
The Corcoran Group
| |
07/15/2015
|
2 Bed
|
2 Bath
|
-
|
$2,150,000
2 Bed
2 Bath
|
$2,150,000
10/29/2015
|
-
|
Jonathan Conlon
The Corcoran Group
|
Building Info
- 11 Units
- 1 Unit for Sale
