407 PARK Avenue S #12E
About This Property
The Ascot is a white glove building with a 24-hour doorman, live-in resident manager, a recently renovated roof deck with multiple lounge and dining areas, a BBQ setup, and panoramic views of NYC. Additional amenities include a new state-of-the-art fitness center, large laundry room, free storage with assigned space for every unit, Verizon FiOS, bike room.
The Ascot is conveniently located in Nomad, close to Gramercy, Flatiron, Union Square, and Chelsea. The food scene includes the new Whole Foods set to open one block away on 28th St, the restaurants of Nomad, Madison Avenue, Madison Square Park, Eataly, and so much more. The Ascot is a well-run co-op with a very friendly and reasonable Board of Directors, pet-friendly, and no flip tax. Co-purchasers allowed. Nearby transportation includes 6/N/R/W trains and nearby Citibike stations. Available furnished if desired. Local Law 11 is near completion. The scaffolding is supposed to come down in late Spring or Summer of 2022.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jun 23, 2022 | Sold to Lindsy Noble, John Zecca | ||
Sold to Lindsy Noble, John Zecca | |||
Apr 14, 2022 | In contract | - | |
In contract | |||
Mar 23, 2022 | Listed by Douglas Elliman Real Estate | $850,000 | |
Listed by Douglas Elliman Real Estate | |||
Sep 15, 2005 | Sold to Stephen Helfeld | ||
Sold to Stephen Helfeld |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
12/06/2023
|
1 Bed
|
1 Bath
|
-
|
$865,000
1 Bed
1 Bath
|
$865,000
04/03/2024
|
-
|
Callan Bergmann
The Corcoran Group
| |
09/11/2023
|
Studio
|
1 Bath
|
-
|
$490,000
Studio
1 Bath
|
$495,000
+1.02%
03/21/2024
|
-
|
Karen Doan
Compass
| |
08/14/2023
|
2 Bed
|
2 Bath
|
1000 ft²
|
$1,485,000
2 Bed
2 Bath
1000 ft²
|
$1,375,000
-7.41%
06/11/2024
|
-
|
Frances Langbecker
Elliman
| |
08/11/2023
|
Studio
|
1 Bath
|
-
|
$550,000
Studio
1 Bath
|
$485,000
-11.82%
03/19/2024
|
-
|
Sungmee Kim
Brown Harris Stevens Residential Sales LLC
| |
05/18/2023
|
1 Bed
|
1 Bath
|
-
|
$775,000
1 Bed
1 Bath
|
$770,000
-0.65%
08/21/2023
|
-
|
Jessica Levine Team
Elliman
| |
04/17/2023
|
1 Bed
|
1 Bath
|
-
|
$899,000
1 Bed
1 Bath
|
$850,000
-5.45%
10/17/2023
|
-
|
Philip McCarthy
Sotheby's International Realty, Inc.
| |
04/12/2022
|
2 Bed
|
2 Bath
|
1000 ft²
|
$1,575,000
2 Bed
2 Bath
1000 ft²
|
$1,540,000
-2.22%
09/01/2022
|
-
|
Ramez Baddour
Baddour Group
| |
03/25/2022
|
1 Bed
|
1 Bath
|
-
|
$899,999
1 Bed
1 Bath
|
$855,000
-5.00%
11/03/2022
|
-
|
Afsaneh Hay Gabbay
Compass
| |
03/23/2022
|
2 Bed
|
2 Bath
|
-
|
$1,550,000
2 Bed
2 Bath
|
$1,550,000
06/20/2022
|
-
|
Erick Berg
Corcoran Group
| |
03/23/2022
|
1 Bed
|
1 Bath
|
725 ft²
|
$850,000
1 Bed
1 Bath
725 ft²
|
$845,000
-0.59%
06/23/2022
|
-
|
Jsun Laliberte
Prudential Douglas Elliman Real Estate
| |
01/19/2022
|
1 Bed
|
1 Bath
|
750 ft²
|
$825,000
1 Bed
1 Bath
750 ft²
|
$805,000
-2.42%
05/18/2022
|
-
|
Ramez Baddour
Baddour Group
| |
09/23/2021
|
1 Bed
|
1 Bath
|
-
|
$810,000
1 Bed
1 Bath
|
$799,000
-1.36%
05/17/2022
|
-
|
Ramez Baddour
Baddour Group
| |
06/22/2021
|
1 Bed
|
1 Bath
|
-
|
$795,000
1 Bed
1 Bath
|
$775,000
-2.52%
10/13/2021
|
-
|
Robert J Rosa
Corcoran Group
| |
03/05/2020
|
Studio
|
1 Bath
|
-
|
$449,000
Studio
1 Bath
|
$436,000
-2.90%
08/05/2020
|
-
|
Rory Clark
Halstead Property, LLC
| |
02/14/2020
|
1 Bed
|
1 Bath
|
725 ft²
|
$899,000
1 Bed
1 Bath
725 ft²
|
$810,000
-9.90%
01/14/2022
|
-
|
Nicolas Anable
Elegran LLC
| |
06/09/2019
|
1 Bed
|
1 Bath
|
-
|
$739,000
1 Bed
1 Bath
|
$717,000
-2.98%
11/26/2019
|
-
|
Jared Holman
{Spaces} Realty Group LLC
| |
04/11/2019
|
1 Bed
|
1 Bath
|
-
|
$760,000
1 Bed
1 Bath
|
$735,000
-3.29%
08/14/2019
|
-
|
Meyer Danforth
Sothebys International Realty
| |
01/11/2019
|
Studio
|
1 Bath
|
-
|
$499,999
Studio
1 Bath
|
$475,000
-5.00%
07/25/2019
|
-
|
David Wolff
Compass
| |
01/03/2018
|
1 Bed
|
1 Bath
|
-
|
$845,000
1 Bed
1 Bath
|
$815,000
-3.55%
06/14/2018
|
-
|
Georgia Kaporis
Prudential Douglas Elliman Real Estate
| |
06/16/2017
|
Studio
|
1 Bath
|
-
|
$440,000
Studio
1 Bath
|
-
-
|
-
|
Brooke Keys
Douglas Elliman Real Estate
| |
02/14/2017
|
3 Bed
|
2 Bath
|
1700 ft²
|
$2,100,000
3 Bed
2 Bath
1700 ft²
|
-
-
|
-
|
Jeffrey A. Silverstein
Prudential Douglas Elliman Real Estate
| |
11/30/2016
|
1 Bed
|
1 Bath
|
-
|
$765,000
1 Bed
1 Bath
|
$740,000
-3.27%
09/26/2017
|
-
|
Robert J Rosa
Corcoran Group
| |
11/14/2016
|
1 Bed
|
1 Bath
|
-
|
$875,000
1 Bed
1 Bath
|
$850,000
-2.86%
05/02/2017
|
-
|
Robert J Rosa
Corcoran Group
| |
10/26/2016
|
1 Bed
|
1 Bath
|
-
|
$726,000
1 Bed
1 Bath
|
$726,000
05/31/2017
|
-
|
Rory Clark
Halstead Property, LLC
| |
08/30/2016
|
1 Bed
|
1 Bath
|
-
|
$715,000
1 Bed
1 Bath
|
$690,000
-3.50%
02/05/2021
|
-
|
Nicole Flowers
Brown Harris Stevens Residential Sales LLC
| |
07/06/2016
|
1 Bed
|
1 Bath
|
725 ft²
|
$780,000
1 Bed
1 Bath
725 ft²
|
$765,000
-1.92%
10/03/2016
|
-
|
Robert J Rosa
Corcoran Group
| |
06/27/2016
|
2 Bed
|
2 Bath
|
1050 ft²
|
$1,700,000
2 Bed
2 Bath
1050 ft²
|
$1,636,000
-3.76%
10/17/2016
|
-
|
Robert J Rosa
Corcoran Group
| |
06/08/2016
|
1 Bed
|
1 Bath
|
-
|
$715,000
1 Bed
1 Bath
|
$715,000
02/05/2021
|
-
|
Adrianne Kriegstein
Compass
| |
05/11/2016
|
1 Bed
|
1 Bath
|
-
|
$725,000
1 Bed
1 Bath
|
$745,500
+2.83%
02/05/2021
|
-
|
Rory Clark
Brown Harris Stevens Residential Sales LLC
| |
04/27/2016
|
Studio
|
1 Bath
|
-
|
$499,000
Studio
1 Bath
|
$499,000
10/12/2016
|
-
|
Robert J Rosa
Corcoran Group
| |
03/02/2016
|
1 Bed
|
1 Bath
|
750 ft²
|
$726,000
1 Bed
1 Bath
750 ft²
|
$726,000
02/05/2021
|
-
|
Lucie Holt
Compass
| |
02/12/2016
|
Studio
|
1 Bath
|
-
|
$450,000
Studio
1 Bath
|
-
-
|
-
|
William Rodgers
Sothebys International Realty
| |
02/01/2016
|
1 Bed
|
1 Bath
|
750 ft²
|
$675,000
1 Bed
1 Bath
750 ft²
|
$711,000
+5.33%
05/23/2016
|
-
|
Erick Berg
Corcoran Group
| |
07/20/2015
|
2 Bed
|
2 Bath
|
-
|
$1,400,000
2 Bed
2 Bath
|
$1,400,000
02/05/2021
|
-
|
Adrianne Kriegstein
Compass
| |
07/09/2015
|
1 Bed
|
1 Bath
|
-
|
$635,000
1 Bed
1 Bath
|
-
-
|
-
|
Ian Katz
The Corcoran Group
| |
08/08/2014
|
1 Bed
|
1 Bath
|
750 ft²
|
$659,000
1 Bed
1 Bath
750 ft²
|
$700,000
+6.22%
03/03/2015
|
-
|
Elyse Dubin
Prudential Douglas Elliman Real Estate
| |
05/06/2014
|
1 Bed
|
1 Bath
|
-
|
$620,000
1 Bed
1 Bath
|
$615,000
-0.81%
11/24/2014
|
-
|
Robert J Rosa
Corcoran Group
| |
04/15/2014
|
1 Bed
|
1 Bath
|
-
|
$625,000
1 Bed
1 Bath
|
$630,000
+0.80%
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
| |
12/02/2013
|
1 Bed
|
1 Bath
|
700 ft²
|
$625,000
1 Bed
1 Bath
700 ft²
|
$610,000
-2.40%
03/18/2014
|
-
|
Robert J Rosa
Corcoran Group
| |
09/23/2013
|
Studio
|
1 Bath
|
-
|
$440,000
Studio
1 Bath
|
$412,000
-6.36%
04/23/2014
|
-
|
Robert J Rosa
Corcoran Group
| |
07/16/2013
|
1 Bed
|
1 Bath
|
-
|
$565,000
1 Bed
1 Bath
|
$565,000
12/17/2013
|
-
|
Robert J Rosa
Corcoran Group
| |
06/21/2013
|
1 Bed
|
1 Bath
|
-
|
$540,000
1 Bed
1 Bath
|
$540,000
10/18/2018
|
-
|
Adrian S. Noriega
Elliman
| |
05/23/2013
|
Studio
|
1 Bath
|
-
|
$375,000
Studio
1 Bath
|
$375,000
02/05/2021
|
-
|
Joshua B Rubin
Prudential Douglas Elliman Real Estate
| |
04/12/2013
|
Studio
|
1 Bath
|
-
|
$410,000
Studio
1 Bath
|
$407,000
-0.73%
08/06/2014
|
-
|
Robert J Rosa
Corcoran Group
| |
03/18/2013
|
1 Bed
|
1 Bath
|
725 ft²
|
$550,000
1 Bed
1 Bath
725 ft²
|
$536,000
-2.55%
09/30/2013
|
-
|
Robert J Rosa
Corcoran Group
| |
10/23/2012
|
1 Bed
|
1 Bath
|
675 ft²
|
$545,000
1 Bed
1 Bath
675 ft²
|
-
-
|
-
|
Robert J Rosa
Prudential Douglas Elliman Real Estate
| |
10/14/2012
|
2 Bed
|
2 Bath
|
1050 ft²
|
$995,000
2 Bed
2 Bath
1050 ft²
|
$995,000
02/05/2021
|
-
|
Robert J Rosa
Prudential Douglas Elliman Real Estate
| |
09/25/2012
|
1 Bed
|
1 Bath
|
-
|
$475,000
1 Bed
1 Bath
|
$475,000
02/05/2021
|
-
|
Robert J Rosa
Prudential Douglas Elliman Real Estate
| |
06/14/2010
|
1 Bed
|
1 Bath
|
-
|
$499,000
1 Bed
1 Bath
|
$465,000
-6.81%
02/05/2021
|
-
|
Leasing Office, Chelsea Park 260 West 26th Street
Sotheby's International Realty, Inc.
| |
04/23/2009
|
1 Bed
|
1 Bath
|
-
|
$455,000
1 Bed
1 Bath
|
$422,500
-7.14%
02/05/2021
|
-
|
Edward Johnston
Brown Harris Stevens Residential Sales LLC
| |
02/20/2008
|
Studio
|
1 Bath
|
-
|
$340,000
Studio
1 Bath
|
$340,000
02/05/2021
|
-
|
Elaine Clayman
Brown Harris Stevens Residential Sales LLC
| |
06/04/2007
|
1 Bed
|
1 Bath
|
-
|
$425,000
1 Bed
1 Bath
|
$435,555
+2.48%
02/05/2021
|
-
|
Sofia Dmitriyeva
R New York
| |
05/09/2005
|
1 Bed
|
1 Bath
|
725 ft²
|
$429,000
1 Bed
1 Bath
725 ft²
|
$437,600
+2.00%
09/21/2005
|
-
|
Laura Denise Milkowski
Corcoran Group
|
Building Info

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