623 2nd Ave
About This Property
** 16,167 Total Lot Size ** Live/Work ** Main Street Mixed Use Zoning ** Unique opportunity LIVE-WORK, INCOME POTENTIAL, MIXED USE ZONE, Building is split into 2 sections (1) Single family/or office space with 3 bedrooms, kitchen, livingroom, laundry. (2) Shop, office and 1/2 bath.... Building was the old Newspaper staff housing and printing press. Attached garage.
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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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| May 30, 2024 | Price Decreased |
$249,000
↓ $20K
(7.4%) | |
| Price Decreased | |||
| Sep 20, 2023 | Listed by Kentwood Real Estate Cherry Creek | $269,000 | |
| Listed by Kentwood Real Estate Cherry Creek | |||
| Aug 20, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017