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455 37th Street
About This Property
A majority of the basement has been dugout to achieve 7' ceiling height and includes a full bathroom. In the backyard your perennial garden leads to your insulated and fully finished studio. Upstairs there are two generously proportioned bedrooms, home office, and large bathroom.
Located one block from the 36th St station (D & N express, R local), the B63 bus and a short walk to Sunset Park, Bush Terminal Park and Industry City.
Net square footage as measured by independent third party (OLR) is 1,707 sqft. All information furnished regarding property for sale, rental or financings from sources deemed reliable but no warranty or representation is made as to accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
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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 |
|---|---|---|---|
| Sep 15, 2016 | Sold | ||
| Sold | |||
| Jul 1, 2016 | Listed by New York Living Solutions | $1,405,000 | |
| Listed by New York Living Solutions | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017