451 Grantham C
About This Property
A luxurious 145,000 square foot clubhouse serves as the focal point for the myriad of recreational, entertainment, educational and social activities available to residents. There's a 1600 seat theater providing top name entertainers. You will find recent released movies and all varieties of dance styles. There is a party room suitable for up to 800 people. A fully functioning library, fitness facility, and competitive billiards room. Class and studio for stained glass, lapidary, clay sculpture and ceramics. A variety of meeting rooms, active card rooms, bingo, arts and crafts, photo lab with darkroom, and music. All this and only 3.3 miles from the beach.
If you prefer outdoor activities, there are 15 heated swimming pools (one indoor) interspersed throughout the community. Tennis courts, shuffleboard, volley ball, bocce ball and pickle ball are all here. A gorgeous barbecue area is part of "Sunday in the Park" location complete with a gazebo and dance floor. Motivated seller, all reasonable offers will be considered
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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%.
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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
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/30/2020
| |
2 Bed
|
2 Bath
|
1000 ft²
|
$105,000
2 Bed
2 Bath
1000 ft²
|
$100,000
-4.76%
10/21/2020
|
Marie Epstein
EXIT Realty Mizner
|
Building Info
About Grantham Condominiums
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$2,300 /mo
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$2,099 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017