Charming Eight unit residential building. Pre-War beautifully
renovated space located on Manhattan's Gold Coast. Crown Moldings,
Refinished parquet floors, Private office opposite kitchen. Plenty
of closets throughout. Two decorative marble fireplaces in the
unit.One and half bathrooms complete with British faucets,
hardware. Miele Washer/dryer in unit. Live/work potential.
Please check with your architect/attorney for more details. Gifting
allowed, Pied a terre allowed, Pet's allowed, Subletting allowed
with board approval. Contact me for virtual tour.
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.
learn more about cap rate here .