56 Spring St
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 |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Aug 19, 2025 | In contract | - | |
| In contract | |||
| Aug 15, 2025 | Listed by Gibson Sotheby's International Realty | $825,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Welcome to 56 Spring St: a pristine, custom-built home w/an open-concept fl plan and spectacular liv spaces bathed in natural light. For buyers seeking an architecturally significant home or awesome condo alternative, this is it. Tucked off the street, a long driveway creates a retreat-like feel. Inside, liv rm w/cathedral ceiling and skylights is anchored by fp. Stunning. Slider to wrap-around composite deck allows for effortless summer entertaining. Charming, arched doorways on both sides of din rm offer easy flow to magnificent kitchen. Quartz countertops and abundant cabinet storage define this pretty rm. Features incl SS 4 burner gas cooktop w/built-in griddle and huge SS sink. Two 1st flr bdrms, one w/slider to deck are versatile spaces. Spacious full bath and second entrance completes the main level. Curved staircase opens to a primary suite w/reading nook. Amazing built-ins line the walk-in closet. Spa-like bath w/over-sized shower and dedicated laundry completes this level.
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| Jul 16, 2021 | Sold | ||
| Sold | |||
| May 19, 2021 | Listed by Coldwell Banker Residential Brokerage - Westwood | $650,000 | |
| Listed by Coldwell Banker Residential Brokerage - Westwood | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017