521 Water Street
About This Property
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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 |
|---|---|---|---|
| Aug 1, 2024 | Sold | ||
| Sold | |||
| Jun 18, 2024 | In contract | - | |
| In contract | |||
| May 9, 2024 | Listed by Keller Williams Elite | $550,000 | |
| Listed by Keller Williams Elite | |||
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Elegant entryway with a grand circular staircase beckons you upstairs where you will find a large game room and two bedrooms sharing a jack and jill style bathroom. To the right, a formal dining area awaits a dinner party and to the left a formal living room provides a quiet place to chat. Continue forward into the open concept family room and kitchen area, spacious enough for hosting large parties. The kitchen has all of the storage space that you could possibly need, featuring granite counter tops and more than enough prep areas for any cooking challenge. Tons of cabinets and drawers which improves organization and allows everything to have its own space. The primary bedroom has two sinks and separate tub/shower and a huge walk-in closet. There is a second bedroom with its own private bath also located on the first floor. Outdoor kitchen with grill and a small sink with hot/cold water located on the back patio. Overall, a beautiful, well-appointed home with extra designer features.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017