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715 9th Avenue #4RS
About This Property
Light-filled, spacious studio tucked into the upper floors of an amazing midtown location, mere steps from the Broadway theater district, dozens of beloved restaurants, and 11 different subway lines. The owner of this apartment holds a key to the Clinton Community Garden at 434 W 48th Street, a walled garden accessible only to resident key-holders in the neighborhood.
Hardwood floors, a lengthwise studio wall of exposed brick, and west and south exposure. The great room windows look out on leafy trees towering over quaint courtyards.
When you enter the apartment, the refrigerator and kitchen sink are to your left. The full-sized oven with four burner-range stands on the opposite wall. The large south-facing kitchen window sits between the sink and the oven.
To the right of the entrance, you'll find the bathroom with full-size bathtub and shower, large medicine cabinet, and two large mirrors. Across from the bathroom door, another southwest-facing window offers more light to the apartment.
Just past the bathroom are two large closets that provide a remarkable amount of storage for a studio apartment.
For the creative studio dweller eager to make the most of a beautiful multi-purpose space, the great room is excellent for living, sleeping, and entertaining.
715 Ninth Avenue is a well-maintained and managed HDFC co-op. This HDFC co-op has income restrictions capped at 120% of the AMI (https://www.nyc.gov/site/hpd/services-and-information/area-median-income.page).
Extremely close to the C/E at 50th, the 1 train at 50th, and the N/Q/R/W at 49th. Very close to the A/C/E at 42nd and 8th. Reasonably close to the Times Square subway station's 1/2/3/N/Q/R/W and Shuttle to Grand Central. A short walk to Rockefeller Center and the B/D/F/M.
Subletting and pets are allowed with board approval. No pied-a-terres allowed. Gifting and co-purchasing allowed. Live-in superintendent. Conveniently located in the heart of Hell's Kitchen/Midtown West, the residence is surrounded by great dining, shopping, and entertainment.
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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 |
---|---|---|---|
Aug 7, 2024 | Sold | ||
Sold | |||
Jun 1, 2024 | In contract | - | |
In contract | |||
Apr 16, 2024 | Listed by Compass | $415,000 | |
Listed by Compass |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
04/16/2024
|
Studio
|
1 Bath
|
-
|
$415,000
Studio
1 Bath
|
$407,500
-1.81%
08/07/2024
|
-
|
Amanda Young
Compass
| |
03/30/2024
|
Studio
|
1 Bath
|
-
|
$420,000
Studio
1 Bath
|
$390,000
-7.14%
12/12/2024
|
-
|
Caleb Funk
Bond New York Properties LLC
| |
09/08/2020
|
1 Bed
|
1 Bath
|
-
|
$415,000
1 Bed
1 Bath
|
$415,000
09/16/2021
|
-
|
Philip Scheinfeld
Compass
| |
01/31/2019
|
1 Bed
|
1 Bath
|
400 ft²
|
$425,000
1 Bed
1 Bath
400 ft²
|
$451,000
+6.12%
05/06/2019
|
Tyler Whitman
The Agency Brokerage
| ||
11/28/2016
|
Studio
|
1 Bath
|
-
|
$359,000
Studio
1 Bath
|
-
-
|
-
|
Cary Tamura
The Agency RE
| |
05/16/2016
|
1 Bed
|
1 Bath
|
400 ft²
|
$340,000
1 Bed
1 Bath
400 ft²
|
$340,000
09/15/2016
|
Rebecca Buchanan
Compass
|
Building Info
