531 Second Avenue
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 12, 2022 | Sold | ||
| Sold | |||
| Jun 8, 2022 | Listed by Keller Williams NY Realty | $849,900 | |
| Listed by Keller Williams NY Realty | |||
| Oct 16, 2017 | Sold | ||
| Sold | |||
| Jun 29, 2017 | Listed by Douglas Elliman Real Estate | $679,000 | |
| Listed by Douglas Elliman Real Estate | |||
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It should take you but a SECOND to decide that 531 Second is your new home! Fresh as a summer breeze, this Village charmer has been renovated and updated for your convenience and your calendar! It begins with a new roof and gutters and goes on to include all new electric service, a gut renovated open plan eat-in kitchen and dining room, new doors and windows, new fencing, landscaping, walkways and NEW A/C units! So what's new? Just about everything! Combined with period details and design elements and the perfectly balanced note is struck. A wood-burning fireplace, original hardwood flooring, curb appeal and a terrific level back yard with (just freshly sodded) and renewed dining deck (with stairs down to property) adds to the checklist! Just a stroll to the school and shops, park, playgrounds and tennis courts allows for easy living. Recent bank appraisal listed 1515 square feet of living space! Got a minute? Or a second? Start counting!One Mississippi...Two Mississippi.Welcome! Additional Information: HeatingFuel:Oil Above Ground,
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| Mar 27, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017