898 COMMONWEALTH Avenue
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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 |
|---|---|---|---|
| Oct 29, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 7, 2024 | In contract | - | |
| In contract | |||
| Mar 7, 2024 | Listed by Crosby Doe Associates, Inc. | $5,900,000 | |
| Listed by Crosby Doe Associates, Inc. | |||
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Back on the Market with new pricing. The John Baldessari Gallery Residence, 2018, Frank O. Gehry, CC, FAIA. John Baldessari and Frank Gehry! As impossible to pigeonhole a style of these giants of art and architecture, so it is with their collaboration on John's own home, the model of which was featured center at LACMA's Frank Gehry Retrospective. It's modern, of course, and constructed of the finest materials and accessories available, but in understanding the work, and its success, these terms seem almost irrelevant. It is probably best described in terms of function.Frank and John were friends. From stories about John, one can imagine a request that may have gone like this: Frank, I'm tired of traipsing up and down stairs every time I want something from the kitchen. I want my bedroom to be just steps from everything: my art, my library, the kitchen, and an outdoor place where I can enjoy a cigar, a glass of wine, and a view of the golf course next door. Frank achieved these requirements by pinwheeling the living space and gallery around a cloistered heptagonal courtyard, thus referencing, if not by shape, the program of the early California Missions. Reversing tradition, the master bedroom is on the ground floor, while the guest bedrooms are on the second floor. An elevator contiguous to the master bedroom ascends to the rooftop patios with golf course and city vistas.
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| Jul 11, 2013 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017