407 Park Avenue S #5E
About This Property
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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 |
---|---|---|---|
Jan 29, 2020 | No longer available | - | |
No longer available | |||
Jan 28, 2020 | Sold to Kattia Goldstein, Lauren Go... | $815,000 | |
Sold to Kattia Goldstein, Lauren Go... | |||
Dec 12, 2019 | In contract | - | |
In contract | |||
Oct 17, 2019 | Relisted | $885,000 | |
Relisted | |||
Sep 9, 2019 | No longer available | - | |
No longer available |
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 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 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
Corcoran Group
|
|
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 Rosa
Corcoran Group
|
|
11/14/2016
|
1 Bed
|
1 Bath
|
-
|
$875,000
1 Bed
1 Bath
|
$850,000
-2.86%
05/02/2017
|
-
|
Robert 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 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 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 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 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 Rosa
Corcoran Group
|
|
09/23/2013
|
Studio
|
1 Bath
|
-
|
$440,000
Studio
1 Bath
|
$412,000
-6.36%
04/23/2014
|
-
|
Robert Rosa
Corcoran Group
|
|
07/16/2013
|
1 Bed
|
1 Bath
|
-
|
$565,000
1 Bed
1 Bath
|
$565,000
12/17/2013
|
-
|
Robert 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 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 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
|