516 21st Street
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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.
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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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Aug 17, 2018 | Sold | ||
| Sold | |||
| Jul 17, 2018 | Listed | $4,995,000 | |
| Listed | |||
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Located on a premium gas lamp street this luxury residence was built by respected local developer Matt Morris. A covered front porch features gas lamps of its own. The eye is instantly drawn to an extensive use of high-end wood craftsmanship and designer details throughout. Every detail is executed to perfection, from the dark Brazilian cherry wood floors to the soft, coastal color palette. The open concept kitchen features dual dishwashers, a center island with built-in storage solutions, a pot filler and white apron sink. Equipped with Carrera marble counters and Miele, Wolf and Subzero appliances. A built-in breakfast area seamlessly connects the kitchen and family room. French doors open to the private outdoor spaces which include a patio fireplace and beach shower. An 800 bottle wine cellar is steps from the formal dining room. A spacious home office is on the main level. All bedrooms found together on the upper level. The master suite features a large walk-in closet and a private balcony.The master bath retreat finds Carrera marble countertops, his and hers vanity areas, a seated vanity and a walk-in waterfall shower. Bonuses include central A/C, skylights, 13 zone sound system, central vac, built in BBQ & much more. Ideally combining the concept of a more traditional floorplan as found in the Tree Section, with the active beach lifestyle of a Sand Section location. Steps from Live Oak park, community sports fields, the greenbelt-jog path, and Farmer’s market. The manager has listed the unit size as 3540 square feet.
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| Jun 26, 2018 | Listed by Strand Hill Christies International Real Estate | $4,995,000 | |
| Listed by Strand Hill Christies International Real Estate | |||
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About Tree Section
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$10,000 /mo
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$6,950 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017