480 Eastern Pkwy #PHF
About This Property
The Penthouse duplexes at 480 Eastern Parkway each feature three large bedrooms, a home office, two full bathrooms and an additional powder room. The master suite encompasses the entire upper level complete with en-suite windowed bathroom and large sliding glass doors that lead to a private terrace with amazing NYC and Brownstone Brooklyn skyline views. The living spaces are infused with traditional elements including custom oak kitchen cabinets, solid black granite countertops and stainless steel appliances. Natural stone tile in the bathrooms with vessel sinks and oak vanities complete the elegant look. Large windows in the living and bedrooms flood the home with natural sunlight throughout the day. With a 25 year tax abatement and extremely low monthly carrying charges this is a truly one of a kind opportunity for everything you desire in the heart of Northern Crown Heights.
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2016 | Sold | ||
| Sold | |||
| May 19, 2016 | Listed by MNS | $1,125,000 | |
| Listed by MNS | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/24/2024
|
3 Bed
|
2 Bath
|
1476 ft²
|
$1,225,000
3 Bed
2 Bath
1476 ft²
|
$1,190,000
-2.86%
09/10/2024
|
Aroza Sanjana
Avenue Sothebys International Realty
| |
|
11/29/2018
|
3 Bed
|
3 Bath
|
1440 ft²
|
$1,250,000
3 Bed
3 Bath
1440 ft²
|
$955,000
-23.60%
06/12/2019
|
Michael Tannen
Corcoran Group
| |
|
05/19/2016
|
3 Bed
|
2 Bath
|
1476 ft²
|
$1,125,000
3 Bed
2 Bath
1476 ft²
|
$1,125,000
10/13/2016
|
Binnie Robinson
MNS
| |
|
05/19/2016
|
3 Bed
|
2.5 Bath
|
1444 ft²
|
$1,065,000
3 Bed
2.5 Bath
1444 ft²
|
$1,065,000
02/05/2021
|
Binnie L Robinson
Prudential Douglas Elliman Real Estate
| |
|
04/26/2016
|
3 Bed
|
2.5 Bath
|
1444 ft²
|
$1,022,400
3 Bed
2.5 Bath
1444 ft²
|
$1,022,400
10/19/2016
|
Binnie Robinson
MNS
| |
|
04/25/2016
|
3 Bed
|
2.5 Bath
|
1476 ft²
|
$1,040,000
3 Bed
2.5 Bath
1476 ft²
|
$1,040,000
02/05/2021
|
Binnie L Robinson
Prudential Douglas Elliman Real Estate
| |
|
07/27/2015
|
2 Bed
|
1.5 Bath
|
1739 ft²
|
$995,000
2 Bed
1.5 Bath
1739 ft²
|
$995,000
07/25/2016
|
Binnie Robinson
MNS
| |
|
06/17/2015
|
2 Bed
|
1.5 Bath
|
1055 ft²
|
$799,000
2 Bed
1.5 Bath
1055 ft²
|
$810,000
+1.38%
02/09/2016
|
Justin Daly
MNS
| |
|
06/17/2015
|
3 Bed
|
1.5 Bath
|
1055 ft²
|
$849,000
3 Bed
1.5 Bath
1055 ft²
|
$822,347
-3.14%
02/12/2016
|
Justin Daly
MNS
|
Building Info
- 11 Units
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017