889-895 Grinnell St. #5
About This Property
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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%.
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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.
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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 28, 2025 | Sold | ||
| Sold | |||
| Jul 21, 2025 | Listed by Paiva Real Estate Services, LLC | $434,900 | |
| Listed by Paiva Real Estate Services, LLC | |||
| |||
|
Grinnell Estates proudly presents 8 newly constructed townhouses. Each unit spans over 1,890 square feet across 3 levels, featuring 9-foot ceilings. Lower level includes a bedroom, utility closet, and a one-car garage with additional storage. The main level boasts an open floor plan, highlighted by an eat-in peninsula kitchen equipped with quartz countertops, stainless steel appliances, and a tiled backsplash. The living room is filled with natural light, and the dining area opens to a covered balcony with composite decking. This level also includes a full bath with laundry hookups. On the upper level, you will find two additional bedrooms, full bath, and a primary suite that features a full bath with a custom tiled shower. Each unit is equipped with electric heating and A/C, along with 1 additional parking space. This complex is designed to impress, showcasing numerous builder upgrades, an attractive exterior, and conveniently located.
| |||
| Jul 14, 2025 | No longer available | - | |
| No longer available | |||
| Apr 4, 2025 | Price Decreased |
$434,900
↓ $25K
(5.4%) | |
| Price Decreased | |||
| Mar 6, 2025 | Price Decreased |
$459,900
↓ $10K
(2.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/13/2025
|
3 Bed
|
3 Bath
|
1890 ft²
|
$415,000
3 Bed
3 Bath
1890 ft²
|
-
-
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
02/04/2026
|
4 Bed
|
3 Bath
|
1890 ft²
|
$430,000
4 Bed
3 Bath
1890 ft²
|
$430,000
05/08/2026
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
11/03/2025
|
3 Bed
|
3 Bath
|
1890 ft²
|
$415,000
3 Bed
3 Bath
1890 ft²
|
$415,000
05/01/2026
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
08/14/2025
|
3 Bed
|
3 Bath
|
1890 ft²
|
$415,000
3 Bed
3 Bath
1890 ft²
|
$425,000
+2.41%
12/02/2025
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
07/21/2025
|
4 Bed
|
3 Bath
|
1890 ft²
|
$434,900
4 Bed
3 Bath
1890 ft²
|
$425,000
-2.28%
08/28/2025
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
01/14/2025
|
3 Bed
|
3 Bath
|
1890 ft²
|
$459,900
3 Bed
3 Bath
1890 ft²
|
-
-
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
01/14/2025
|
4 Bed
|
3 Bath
|
1890 ft²
|
$469,900
4 Bed
3 Bath
1890 ft²
|
-
-
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
01/14/2025
|
4 Bed
|
3 Bath
|
1890 ft²
|
$469,900
4 Bed
3 Bath
1890 ft²
|
-
-
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
01/14/2025
|
3 Bed
|
3 Bath
|
1890 ft²
|
$459,900
3 Bed
3 Bath
1890 ft²
|
-
-
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
01/14/2025
|
3 Bed
|
3 Bath
|
1890 ft²
|
$459,900
3 Bed
3 Bath
1890 ft²
|
-
-
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
01/14/2025
|
3 Bed
|
3 Bath
|
1890 ft²
|
$459,900
3 Bed
3 Bath
1890 ft²
|
-
-
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
01/14/2025
|
4 Bed
|
3 Bath
|
1890 ft²
|
$469,900
4 Bed
3 Bath
1890 ft²
|
$424,900
-9.58%
12/17/2025
|
Christopher Paiva
Paiva Real Estate Services, LLC
| |
|
01/14/2025
|
4 Bed
|
3 Bath
|
1890 ft²
|
$469,900
4 Bed
3 Bath
1890 ft²
|
-
-
|
Christopher Paiva
Paiva Real Estate Services, LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017