10 WEBSTER AVE
About This Property
*Offer accepted, Contracts are out* This is a 3 bedroom with 2.5 baths with a dance studio addition which sits on 2 lots. This home will need some TLC. The 2 story dance studio has a reception area, a large room on the main floor, with a bathroom and 2 smaller rooms upstairs. There is a variance for the dance studio. The Dance Studio could possibility be converted into 2 apartments; however, it would have to be presented to the zoning board for approval. This is a multi use property however; the dance studio can only be used for dance, you can change the studio back into one complete house.
"Property being sold as a Short Sale. Third Party processor required (see attached
disclosures). All offers and real estate agent commissions are subject to 3rd party
mortgage company approval and subject to the Seller(s) acceptance of those approval
terms."
Property is being sold as-is with no warranties expressed or implied. Home inspections
are for informational purposes only. Buyer may be responsible for any of their own
lender required repairs."
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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 |
|---|---|---|---|
| Mar 20, 2023 | Sold | ||
| Sold | |||
| Apr 15, 2022 | Listed by HomeSmart First Advantage Realty | $220,000 | |
| Listed by HomeSmart First Advantage Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017