370 W 118TH Street #2C
About This Property
370 W 118th Street is a five-story elevator condo built in 1910 with 49 units . Residents enjoy a common planted courtyard including an herb garden for all. Conveniently located opposite Morningside Park and down the hill from Columbia University just minutes from many forms of public transportation. Great food, shopping and entertainment are in the neighborhood. There is a J51 Tax Abatement in effect until June 2023 and a J-51 partial exemption through June 2037.
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/22/2022
|
2 Bed
|
2 Bath
|
1039 ft²
|
$1,088,888
2 Bed
2 Bath
1039 ft²
|
$1,153,000
+5.89%
08/22/2022
|
Kenneth King
Douglas Elliman Real Estate
| |
|
04/28/2022
|
2 Bed
|
1 Bath
|
975 ft²
|
$1,100,000
2 Bed
1 Bath
975 ft²
|
$1,100,000
08/22/2022
|
Karen Gastiaburo
Brown Harris Stevens Residential Sales LLC
| |
|
04/06/2022
|
2 Bed
|
1 Bath
|
-
|
$1,095,000
2 Bed
1 Bath
|
$1,095,000
06/30/2022
|
Dennis Margulies
Douglas Elliman Real Estate
| |
|
01/29/2021
|
2 Bed
|
2 Bath
|
-
|
$980,000
2 Bed
2 Bath
|
$980,000
04/19/2021
|
Nancy Cabrera
Compass
| |
|
03/28/2019
|
3 Bed
|
2 Bath
|
1146 ft²
|
$1,100,000
3 Bed
2 Bath
1146 ft²
|
$1,100,000
05/17/2019
|
Sofia Falleroni
Compass
| |
|
07/06/2018
|
1 Bed
|
1 Bath
|
661 ft²
|
$649,000
1 Bed
1 Bath
661 ft²
|
$659,000
+1.54%
11/30/2018
|
Breana Tutuska
Cooper & Cooper Real Estate
| |
|
05/23/2017
|
2 Bed
|
2 Bath
|
1028 ft²
|
$925,000
2 Bed
2 Bath
1028 ft²
|
$925,000
08/21/2017
|
Keith Prince
Charles Rutenberg, LLC
| |
|
01/10/2017
|
2 Bed
|
1 Bath
|
975 ft²
|
$899,000
2 Bed
1 Bath
975 ft²
|
$899,000
05/26/2017
|
Anthony Morris
The Corcoran Group
| |
|
03/23/2016
|
2 Bed
|
-
|
-
|
$999,900
2 Bed
-
|
$979,000
-2.09%
09/02/2016
|
Deresia Williams
BOND New York
| |
|
12/12/2015
|
2 Bed
|
2 Bath
|
1101 ft²
|
$925,000
2 Bed
2 Bath
1101 ft²
|
$865,000
-6.49%
04/06/2017
|
Steven Kramer
The Corcoran Group
| |
|
05/23/2014
|
1 Bed
|
1 Bath
|
661 ft²
|
$559,000
1 Bed
1 Bath
661 ft²
|
-
-
|
William R.
Douglas Elliman Real Estate
| |
|
05/20/2013
|
3 Bed
|
2 Bath
|
1136 ft²
|
$950,000
3 Bed
2 Bath
1136 ft²
|
$950,000
02/05/2021
|
BEVERLEY DRAGGON
Prudential Douglas Elliman Real Estate
| |
|
01/03/2013
|
1 Bed
|
1 Bath
|
661 ft²
|
$695,000
1 Bed
1 Bath
661 ft²
|
-
-
|
William R.
Douglas Elliman Real Estate
| |
|
11/30/-0001
|
3 Bed
|
-
|
1136 ft²
|
$950,000
3 Bed
-
1136 ft²
|
$950,000
07/25/2013
|
BEVERLEY DRAGGON
Prudential Douglas Elliman Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017