737 2nd Street #406
About This Property
The manager has listed the unit size as 1325 square feet.
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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 28, 2021 | No longer available | - | |
| No longer available | |||
| Oct 12, 2021 | Listed | $875,000 | |
| Listed | |||
| Apr 25, 2017 | Sold | ||
| Sold | |||
| Mar 23, 2017 | Listed | $835,000 | |
| Listed | |||
| | |||
|
Open house 4/2 cancelled. PH loft w/ private roof deck and vitalizing Port views from every room! This is a true live/work loft converted from the stalwart Phoenix Iron Works foundry. Fabricated staircase leads to penthouse with French doors to large, fenced outdoor space with industrial Bay vistas.
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/13/2024
|
1 Bed
|
1 Bath
|
1546 ft²
|
$590,000
1 Bed
1 Bath
1546 ft²
|
$535,000
-9.32%
02/28/2025
|
Mike Continillo
Villa Propertes
| |
|
04/23/2024
|
1 Bed
|
1 Bath
|
1333 ft²
|
$585,000
1 Bed
1 Bath
1333 ft²
|
-
-
|
Tom Watson
Corcoran Global Living
| |
|
10/12/2021
|
1 Bed
|
1 Bath
|
1325 ft²
|
$875,000
1 Bed
1 Bath
1325 ft²
|
-
-
|
Andy Read
CALDECOTT PROPERTIES
| |
|
07/09/2019
|
1 Bed
|
1 Bath
|
1468 ft²
|
$725,000
1 Bed
1 Bath
1468 ft²
|
$800,000
+10.34%
08/01/2019
|
Michael Friedman
First Team Real Estate
| |
|
05/10/2018
|
1 Bed
|
1 Bath
|
1864 ft²
|
$1,200,000
1 Bed
1 Bath
1864 ft²
|
$1,150,000
-4.17%
06/15/2018
|
Chimene Pollard
Red Oak Realty
| |
|
04/09/2018
|
1 Bed
|
1 Bath
|
1546 ft²
|
$769,000
1 Bed
1 Bath
1546 ft²
|
$769,000
05/21/2018
|
Negar Souza
Red Oak Realty
| |
|
01/30/2018
|
3 Bed
|
3 Bath
|
5361 ft²
|
$2,750,000
3 Bed
3 Bath
5361 ft²
|
$2,750,000
03/14/2018
|
Andy Read
CALDECOTT PROPERTIES
| |
|
09/21/2017
|
1 Bed
|
1 Bath
|
1465 ft²
|
$875,000
1 Bed
1 Bath
1465 ft²
|
$870,000
-0.57%
10/31/2017
|
Andy Read
CALDECOTT PROPERTIES
| |
|
03/23/2017
|
1 Bed
|
1 Bath
|
1325 ft²
|
$835,000
1 Bed
1 Bath
1325 ft²
|
$850,000
+1.80%
04/25/2017
|
Andy Read
CALDECOTT PROPERTIES
| |
|
06/14/2016
|
1 Bed
|
1 Bath
|
1472 ft²
|
$729,000
1 Bed
1 Bath
1472 ft²
|
$690,000
-5.35%
08/05/2016
|
Jackie Gallanagh
RED OAK REALTY
| |
|
03/11/2016
|
1 Bed
|
1 Bath
|
1468 ft²
|
$850,000
1 Bed
1 Bath
1468 ft²
|
$850,000
04/29/2016
|
G. Julia Bivins
Compass
| |
|
06/02/2014
|
1 Bed
|
2 Bath
|
1960 ft²
|
$849,000
1 Bed
2 Bath
1960 ft²
|
$849,000
07/03/2014
|
Jeanine Weller
CALDECOTT PROPERTIES
| |
|
05/30/2014
|
2 Bed
|
1 Bath
|
1333 ft²
|
$549,000
2 Bed
1 Bath
1333 ft²
|
$549,000
07/24/2014
|
Jeanine Weller
CALDECOTT PROPERTIES
| |
|
02/23/2014
|
1 Bed
|
1 Bath
|
1019 ft²
|
$420,000
1 Bed
1 Bath
1019 ft²
|
$460,000
+9.52%
04/16/2014
|
Toni Hanna
The Agency
| |
|
10/30/2013
|
2 Bed
|
2 Bath
|
2234 ft²
|
$688,500
2 Bed
2 Bath
2234 ft²
|
$670,000
-2.69%
03/28/2014
|
Jeanine Weller
CALDECOTT PROPERTIES
| |
|
09/29/2013
|
1 Bed
|
1 Bath
|
1468 ft²
|
$349,000
1 Bed
1 Bath
1468 ft²
|
$450,000
+28.94%
10/22/2013
|
David Harlins
GOLDEN GATE SOTHEBYS INTERNATIONAL REALTY
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017