351 N May Street #P30
About This Property
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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 |
|---|---|---|---|
| May 15, 2022 | No longer available | - | |
| No longer available | |||
| May 2, 2022 | Sold | ||
| Sold | |||
| Mar 29, 2022 | Listed by Compass | $30,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/23/2022
|
Loft
|
-
|
-
|
$40,000
Loft
-
|
$44,000
+10.00%
11/29/2022
|
Brad Feinsmith
d'aprile properties
| |
|
06/23/2022
|
Loft
|
-
|
-
|
$40,000
Loft
-
|
-
-
|
Brad Feinsmith
d'aprile properties
| |
|
03/29/2022
|
Loft
|
-
|
-
|
-
Loft
-
|
-
-
|
Joanne Nemerovski
Compass
| |
|
08/19/2018
|
Loft
|
-
|
-
|
$22,500
Loft
-
|
$20,000
-11.11%
09/20/2018
|
Marcos Oropeza
@properties Christie's International Real Estate
| |
|
05/18/2018
|
Loft
|
-
|
-
|
$39,500
Loft
-
|
$39,500
05/29/2018
|
Keith Hales
CP2 Realty, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017