9030 Cr-28
About This Property
THE CHURCH (C.1893):
The church has been converted to a 2 bedroom, 1 bathroom home while still maintaining the beautiful details of the 1880s. The soaring ceilings and huge vertical windows with original stained glass create an awe-inspiring space. Arched doors we stripped and preserved. The huge accordion doors can separate the kitchen on living/dining area. Beautiful architectural angles create a space that is incomparable. Ceilings soar at over 20' high. Gorgeous refinished beech floors run throughout.
The living area has an enormous sense of volume yet still has an intimate and welcoming feel. A large dining table is a great place to entertain. The kitchen is bright and has a large butcher-block island. The bathroom is located off a library nook. The smaller bedroom is also off the main room. Wainscotting runs throughout and the ceiling detail has been accentuated.
Heading up the stairs there is the main bedroom which the stained glass is a lovely detail. There is room for a king size bed and two closets were built. Continuing up the small stairs there is a wonderful place for an office. Original stained glass rosette windows are still there, a truly wonderful and unique detail.
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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%.
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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.
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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | Listed by Country House Realty Inc | $650,000 | |
| Listed by Country House Realty Inc | |||
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Rock Valley Artist Compound is a converted church and Grange Hall transformed into an apartment and artist studio. Either one of these would be amazing on their own, but this is an opportunity to own BOTH. THE CHURCH (C.1893): The church has been converted to a 2 bedroom, 1 bathroom home while still maintaining the beautiful details of the 1880s. The soaring ceilings and huge vertical windows with original stained glass create an awe-inspiring space. Arched doors we stripped and preserved. The huge accordion doors can separate the kitchen on living/dining area. Beautiful architectural angles create a space that is incomparable. Ceilings soar at over 20' high. Gorgeous refinished beech floors run throughout. The living area has an enormous sense of volume yet still has an intimate and welcoming feel. A large dining table is a great place to entertain. The kitchen is bright and has a large butcher-block island. The bathroom is located off a library nook. The smaller bedroom is also off the main room. Wainscotting runs throughout and the ceiling detail has been accentuated. Heading up the stairs there is the main bedroom which the stained glass is a lovely detail. There is room for a king size bed and two closets were built. Continuing up the small stairs there is a wonderful place for an office. Original stained glass rosette windows are still there, a truly wonderful and unique detail. ConstructionDescription: Wood Siding,
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| Jun 21, 2024 | In contract | - | |
| In contract | |||
| Jun 18, 2024 | Listed by Country House Realty Inc | $650,000 | |
| Listed by Country House Realty Inc | |||
| Oct 11, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017