54 E 8TH Street #3L
About This Property
54 E 8th Street, apt 3-L
Calling All Investors!
This spacious studio is being offered with a tenant in place for the next year and half. Then it is yours to live in or to rent again later after two years have passed. It boasts a new modern kitchen, a generous alcove area upon entering that is ideal for a home office and beautiful hardwood floors throughout. There are three very large closets and it is serenely quiet here at 54 East Street.
50-54 East 8th Street is a red-brick prewar cooperative this is 6 stories high and has commercial retail stores on the ground floor. It has a private garden that runs the length in back of the two buildings that is a landscaped green oasis in the heart of Greenwich Village.
Pieds a terres are allowed and co-purchase allowed for full-time working applicants. Unlimited subleasing is allowed after two years of ownership. The current assessment for capital improvements has been paid off by the seller.
Listed By
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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.
You can learn more about cap rate here .
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Aug 1, 2024 | Relisted | $439,000 | |
Relisted | |||
Jul 30, 2024 | No longer available | - | |
No longer available | |||
Jul 8, 2024 | Listed by Corcoran Group | $439,000 | |
Listed by Corcoran Group | |||
Dec 14, 2021 | Sold to Maria Del Mar Castell Desca... | $450,000 | |
Sold to Maria Del Mar Castell Desca... | |||
May 31, 2021 | No longer available | - | |
No longer available |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/12/2023
|
1 Bed
|
1 Bath
|
-
|
$695,000
1 Bed
1 Bath
|
-
-
|
-
|
Beau Nova
Charles Rutenberg, LLC
|
|
03/21/2023
|
Studio
|
1 Bath
|
-
|
$435,888
Studio
1 Bath
|
$380,000
-12.82%
06/07/2024
|
-
|
Abe Rosenberg
Halstead Property, LLC
|
|
02/09/2023
|
Studio
|
1 Bath
|
-
|
$350,000
Studio
1 Bath
|
$350,000
06/14/2023
|
-
|
Leslie Hirsch
Engel & Volkers New York Real Estate LLC
|
|
10/14/2021
|
Studio
|
1 Bath
|
495 ft²
|
$489,000
Studio
1 Bath
495 ft²
|
$489,000
12/05/2022
|
-
|
Samantha Behringer
Douglas Elliman Real Estate
|
|
06/24/2021
|
1 Bed
|
1 Bath
|
-
|
$625,000
1 Bed
1 Bath
|
$605,000
-3.20%
09/27/2021
|
-
|
Eric Lalo
Landmarc Group
|
|
10/07/2020
|
1 Bed
|
1 Bath
|
725 ft²
|
$725,000
1 Bed
1 Bath
725 ft²
|
$577,500
-20.34%
01/06/2022
|
-
|
Abe Rosenberg
Halstead Property, LLC
|
|
02/25/2020
|
Studio
|
1 Bath
|
475 ft²
|
$500,000
Studio
1 Bath
475 ft²
|
$450,000
-10.00%
12/15/2021
|
-
|
Abe Rosenberg
Halstead Property, LLC
|
|
01/15/2020
|
Studio
|
1 Bath
|
-
|
$550,000
Studio
1 Bath
|
$425,000
-22.73%
12/21/2021
|
-
|
Jill Damico
Compass
|
|
08/22/2019
|
Studio
|
1 Bath
|
425 ft²
|
$460,000
Studio
1 Bath
425 ft²
|
$405,000
-11.96%
02/21/2020
|
-
|
Abe Rosenberg
Halstead Property, LLC
|
|
07/08/2019
|
Studio
|
1 Bath
|
-
|
$430,000
Studio
1 Bath
|
$405,000
-5.81%
01/29/2020
|
-
|
Henry Orenstein
Corcoran Group
|
|
11/20/2018
|
Studio
|
1 Bath
|
-
|
$450,000
Studio
1 Bath
|
$425,000
-5.56%
05/06/2019
|
-
|
Meris Blumstein
The Corcoran Group
|
|
09/12/2018
|
Studio
|
1 Bath
|
-
|
$375,000
Studio
1 Bath
|
$375,000
02/21/2019
|
-
|
Talia Shor
Corcoran Group
|
|
07/26/2018
|
1 Bed
|
1 Bath
|
-
|
$600,000
1 Bed
1 Bath
|
$555,000
-7.50%
04/30/2019
|
-
|
Talia Shor
Corcoran Group
|
|
05/01/2018
|
Studio
|
1 Bath
|
-
|
$435,000
Studio
1 Bath
|
$435,000
08/02/2018
|
-
|
Scott Hernandez
Town Residential
|
|
03/04/2018
|
Studio
|
1 Bath
|
-
|
$485,000
Studio
1 Bath
|
$485,000
07/31/2018
|
-
|
Samantha Behringer
Douglas Elliman Real Estate
|
|
07/05/2017
|
1 Bed
|
1 Bath
|
700 ft²
|
$625,000
1 Bed
1 Bath
700 ft²
|
-
-
|
-
|
Carolyn Zweben
Prudential Douglas Elliman Real Estate
|
|
05/08/2017
|
Studio
|
1 Bath
|
-
|
$539,000
Studio
1 Bath
|
$490,000
-9.09%
09/13/2017
|
-
|
Cornelia Dorneanu
Argo Residential
|
|
02/02/2017
|
1 Bed
|
1 Bath
|
-
|
$659,000
1 Bed
1 Bath
|
$595,000
-9.71%
08/31/2017
|
-
|
Maureen Mccarron
Compass
|
|
12/15/2016
|
Studio
|
1 Bath
|
450 ft²
|
$435,000
Studio
1 Bath
450 ft²
|
-
-
|
-
|
James Stephenson
Elliman
|
|
07/07/2016
|
1 Bed
|
1 Bath
|
-
|
$723,000
1 Bed
1 Bath
|
$675,000
-6.64%
06/06/2017
|
-
|
James Stephenson
Elliman
|
|
10/14/2015
|
1 Bed
|
1 Bath
|
-
|
$649,000
1 Bed
1 Bath
|
-
-
|
-
|
Siim Hanja
Brown Harris Stevens Residential Sales LLC
|
|
09/24/2015
|
Studio
|
1 Bath
|
-
|
$375,000
Studio
1 Bath
|
$375,000
02/05/2021
|
-
|
Alexis Kravitz
Compass
|
|
05/29/2015
|
Studio
|
1 Bath
|
-
|
$395,000
Studio
1 Bath
|
$390,000
-1.27%
12/03/2015
|
-
|
Rachel Altschuler
Elliman
|
|
05/20/2014
|
1 Bed
|
1 Bath
|
-
|
$549,000
1 Bed
1 Bath
|
$600,581
+9.40%
08/12/2014
|
-
|
Michael Moran
Elliman
|
|
04/23/2014
|
Studio
|
1 Bath
|
-
|
$385,000
Studio
1 Bath
|
-
-
|
-
|
Henry Orenstein
Corcoran Group
|
|
09/21/2013
|
Studio
|
1 Bath
|
-
|
$339,000
Studio
1 Bath
|
-
-
|
-
|
MARYAM AKHAVIZADEH
Prudential Douglas Elliman Real Estate
|
|
07/16/2013
|
Studio
|
1 Bath
|
350 ft²
|
$389,000
Studio
1 Bath
350 ft²
|
$335,000
-13.88%
04/10/2014
|
-
|
Natalie Mosco
Prudential Douglas Elliman Real Estate
|
|
06/21/2013
|
Studio
|
1 Bath
|
-
|
$415,000
Studio
1 Bath
|
-
-
|
-
|
George Arana
Halstead Property, LLC
|
|
05/28/2013
|
1 Bed
|
1 Bath
|
805 ft²
|
$549,000
1 Bed
1 Bath
805 ft²
|
$549,000
02/05/2021
|
-
|
Samantha L Behringer
Prudential Douglas Elliman Real Estate
|
|
04/11/2013
|
Studio
|
1 Bath
|
425 ft²
|
$329,000
Studio
1 Bath
425 ft²
|
$315,000
-4.26%
02/05/2021
|
-
|
Francis J.
Halstead dba Brown Harris Stevens Residential Sales LLC
|
|
02/22/2013
|
1 Bed
|
1 Bath
|
-
|
$459,000
1 Bed
1 Bath
|
-
-
|
-
|
Douglas Bellitto
Compass
|
|
02/01/2013
|
2 Bed
|
2 Bath
|
-
|
$675,000
2 Bed
2 Bath
|
-
-
|
-
|
Maggie Moore
CORE Group Marketing LLC
|
|
11/29/2012
|
2 Bed
|
2 Bath
|
-
|
$695,000
2 Bed
2 Bath
|
$695,000
02/05/2021
|
-
|
Maggie Moore
CORE Group Marketing LLC
|
|
10/16/2012
|
1 Bed
|
1 Bath
|
-
|
$479,000
1 Bed
1 Bath
|
-
-
|
-
|
Douglas Bellitto
Compass
|
|
09/26/2012
|
Studio
|
1 Bath
|
-
|
$335,000
Studio
1 Bath
|
$335,000
02/05/2021
|
-
|
Samantha L Behringer
Prudential Douglas Elliman Real Estate
|
|
09/20/2012
|
Studio
|
1 Bath
|
350 ft²
|
$349,000
Studio
1 Bath
350 ft²
|
-
-
|
-
|
Natalie Mosco
Prudential Douglas Elliman Real Estate
|
|
09/20/2012
|
Studio
|
1 Bath
|
450 ft²
|
$312,000
Studio
1 Bath
450 ft²
|
-
-
|
-
|
Samantha L Behringer
Prudential Douglas Elliman Real Estate
|
|
09/20/2012
|
1 Bed
|
1 Bath
|
805 ft²
|
$525,000
1 Bed
1 Bath
805 ft²
|
-
-
|
-
|
Samantha L Behringer
Prudential Douglas Elliman Real Estate
|
|
08/22/2012
|
1 Bed
|
1 Bath
|
-
|
$475,000
1 Bed
1 Bath
|
-
-
|
-
|
Mark Ski
Bond New York
|
|
03/19/2012
|
1 Bed
|
1 Bath
|
-
|
$524,000
1 Bed
1 Bath
|
$485,000
-7.44%
02/05/2021
|
-
|
Sarah Orlinsky Maitland
Compass
|
|
09/07/2011
|
2 Bed
|
1 Bath
|
950 ft²
|
$615,000
2 Bed
1 Bath
950 ft²
|
$550,000
-10.57%
02/28/2013
|
-
|
Robert Bernstein
Level Group, Inc.
|