42
Map
409 TWELFTH Street
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 10, 2024 | Sold | ||
| Sold | |||
| Apr 13, 2023 | Listed by MOMENTUM REALTY | $749,900 | |
| Listed by MOMENTUM REALTY | |||
| Mar 13, 2023 | Sold | ||
| Sold | |||
| Oct 20, 2022 | Listed by ROBERT SLACK, LLC. | $699,000 | |
| Listed by ROBERT SLACK, LLC. | |||
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If you're looking for an architectually significant property, you've found it here. 409 12th street was designed and built by principle architect Timothy Woods of Loci Design, just over 40 years ago. Designed with sustainability in mind with attention to solar orientation, vegetation and cross ventilation, this home creates a uniquely bright and airy environment for anyone who lives within its walls.
If this home looks familiar to you, it's probably because it takes direct inspiration from Villa Savoye, designed by Le Corbusier in 1929, located in Paris, France.
409 12th street has a potential rental income of over 50K a year with updated nightly rates. Do not miss out on your chance to own a timeless modernist beach retreat.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017