577 MADISON Street #1
About This Property
tax abatement is pending 27.00/ month WITH abatement.
Introducing the brand new development 577 MADISON STREET. A true feeling of HOME
1A is a DUPLEX STUDIO with a total of 746 sf Top floor: 320 sf Cellar floor: 426 sf - currently set up with a sleep area downstairs.
This unit is something special with its private entry and duplex layout, it is a feeling of a true home!
Top floor has the modern but yet vintage flare full bath with its CAST IRON CLAWFOOT TUB , and Victorian pull chain toilette and heated bathroom flooring.
A Beautiful kitchen with exposed brick backsplash, cast iron double farmers sinks, and stainless appliances.
Plenty of space for a seating or dining area.
The LOWER LEVEL is ready to create as you wish with TWO separate rooms, a 1/2 bath, washer/dryer and walk-in closet and private exit.
Also; full use of the front patio for an outdoor seating area or a place to create a garden. Check out the video walk-through at 577madison. com
Tax abatement is pending review. What would be the abated taxed are advertised. Taxes without abatement: $375/month
RSVP to the open house or reach out for a private appointment.
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Cap Rate Calculator
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 30, 2019 | No longer available | - | |
| No longer available | |||
| Oct 28, 2019 | Sold | ||
| Sold | |||
| Sep 5, 2019 | In contract | - | |
| In contract | |||
| Aug 5, 2019 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Jul 7, 2019 | Price Decreased |
$499,000
↓ $35K
(6.6%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/12/2019
|
1 Bed
|
2 Bath
|
746 ft²
|
$554,000
1 Bed
2 Bath
746 ft²
|
$489,000
-11.73%
10/28/2019
|
Virginia Incalcaterra
The In House Group
| |
|
10/04/2018
|
3 Bed
|
2 Bath
|
1033 ft²
|
$1,029,000
3 Bed
2 Bath
1033 ft²
|
$975,000
-5.25%
05/22/2019
|
Virginia Incalcaterra
The In House Group
| |
|
10/04/2018
|
2 Bed
|
2 Bath
|
828 ft²
|
$845,000
2 Bed
2 Bath
828 ft²
|
$799,000
-5.44%
05/08/2019
|
Virginia Incalcaterra
The In House Group
| |
|
06/19/2018
|
2 Bed
|
2 Bath
|
702 ft²
|
$819,000
2 Bed
2 Bath
702 ft²
|
$807,300
-1.43%
09/20/2018
|
Robert Earl
In House Group
| |
|
06/13/2018
|
Studio
|
1 Bath
|
-
|
$449,000
Studio
1 Bath
|
$415,000
-7.57%
10/17/2018
|
Robert Earl
In House Group
| |
|
04/27/2018
|
1 Bed
|
2 Bath
|
-
|
$899,000
1 Bed
2 Bath
|
$915,407
+1.83%
09/17/2018
|
Virginia Incalcaterra
In House Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017