383 Grand Street #M605
About This Property
The largest and best two-bedroom layout Seward Park has to offer, this spacious 2-bedroom features almost 1,100 sq. ft., lots of light and lots of airflow through double exposure (east & west). The apartment opens to a sizeable foyer/dining space that naturally flows towards a very spacious living room. Opposite the living room (but separated by a wall) is the windowed eat-in kitchen. For those preferring a more expansive space, the walls can be removed between the kitchen and living room allowing for more light and airflow. Two king-sized bedrooms, a windowed renovated bath, five (5) large closets, and hardwood parquet floors throughout.
Co-op amenities (additional fees & wait lists may apply) include 2 private parks complete with playgrounds & water park, a fully equipped fitness center, indoor children's playroom, 24/7 lobby attendant, 24/7 modern laundry room, on-site maintenance, community garden, composting, bike storage, shared workspace, and community room complete with modern kitchen for events. Short walk to Trader Joes, Target, Regal Cinemas and the newly opened Essex Market! Short walk to Chinatown; Little Italy and cultural venues. Subleasing after 2 years of ownership. Shareholder required continuing to pay base maintenance in addition to a sublet fee. Dogs allowed subject to registration/approval. Washers / dryers allowed in-unit pending co-op approval.
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Cap Rate Calculator
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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 7, 2024 | Sold | $925,000 | |
Sold | |||
May 31, 2024 | In contract | - | |
In contract | |||
Aug 9, 2023 | Listed by LoHo Realty Inc | $950,000 | |
Listed by LoHo Realty Inc |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/12/2023
|
Studio
|
1 Bath
|
-
|
$495,000
Studio
1 Bath
|
$433,000
-12.53%
04/22/2024
|
-
|
Neal Young
Brown Harris Stevens Residential Sales LLC
|
|
08/09/2023
|
2 Bed
|
1 Bath
|
1095 ft²
|
$950,000
2 Bed
1 Bath
1095 ft²
|
$925,000
-2.63%
08/07/2024
|
-
|
Jacob Goldman
Loho Realty Inc.
|
|
07/28/2023
|
Studio
|
1 Bath
|
-
|
$485,000
Studio
1 Bath
|
$450,000
-7.22%
02/02/2024
|
-
|
Sungwon Hwang
The Corcoran Group
|
|
09/22/2022
|
2 Bed
|
1 Bath
|
-
|
$1,185,000
2 Bed
1 Bath
|
$1,185,000
03/17/2023
|
-
|
Pia Skriko
Elegran Real Estate and Development
|
|
05/21/2022
|
2 Bed
|
1 Bath
|
-
|
$1,175,000
2 Bed
1 Bath
|
$1,175,000
09/28/2022
|
-
|
Lynne Mazin
Elliman
|
|
03/08/2022
|
1 Bed
|
1 Bath
|
800 ft²
|
$895,000
1 Bed
1 Bath
800 ft²
|
$895,000
05/31/2022
|
-
|
Lukas Hoback
The Agency Brokerage
|
|
07/13/2021
|
1 Bed
|
2 Bath
|
800 ft²
|
-
1 Bed
2 Bath
800 ft²
|
$875,000
09/14/2021
|
-
|
Pavel Kuritsyn
Triplemint
|
|
04/05/2021
|
2 Bed
|
2 Bath
|
-
|
$1,350,000
2 Bed
2 Bath
|
$1,300,000
-3.70%
07/21/2021
|
-
|
Anna Zuzolo
Brown Harris Stevens Residential Sales LLC
|
|
03/08/2021
|
1 Bed
|
1 Bath
|
-
|
$865,000
1 Bed
1 Bath
|
$857,000
-0.92%
06/04/2021
|
-
|
Eric Levine
Level Group, Inc.
|
|
07/21/2020
|
3 Bed
|
2 Bath
|
1250 ft²
|
$1,400,000
3 Bed
2 Bath
1250 ft²
|
$1,262,500
-9.82%
09/10/2021
|
-
|
Jacob Goldman
Loho Realty Inc.
|
|
01/31/2020
|
Studio
|
1 Bath
|
500 ft²
|
$475,000
Studio
1 Bath
500 ft²
|
$450,000
-5.26%
06/09/2021
|
-
|
Jacob Goldman
Loho Realty Inc.
|
|
01/24/2020
|
3 Bed
|
2 Bath
|
1250 ft²
|
$1,450,000
3 Bed
2 Bath
1250 ft²
|
$1,450,000
09/15/2020
|
-
|
Jacob Goldman
Loho Realty Inc.
|
|
02/07/2019
|
2 Bed
|
2 Bath
|
-
|
$1,450,000
2 Bed
2 Bath
|
$1,613,000
+11.24%
06/18/2019
|
-
|
Neal Young
Brown Harris Stevens Residential Sales LLC
|
|
01/01/2018
|
2 Bed
|
1 Bath
|
-
|
$1,100,000
2 Bed
1 Bath
|
$999,000
-9.18%
04/26/2018
|
-
|
Victoria Reichelt
The Corcoran Group
|
|
01/30/2017
|
2 Bed
|
1 Bath
|
-
|
$1,080,000
2 Bed
1 Bath
|
$1,025,000
-5.09%
06/07/2017
|
-
|
Eric Levine
Level Group, Inc.
|
|
08/03/2015
|
1 Bed
|
1 Bath
|
-
|
$720,000
1 Bed
1 Bath
|
$808,000
+12.22%
10/22/2015
|
-
|
Eric Levine
Level Group, Inc.
|
|
10/23/2014
|
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
$800,000
12/23/2014
|
-
|
Lawrence Schier
Corcoran Group
|
Building Info
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