1000 Archer Street
About This Property
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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 11, 2024 | Sold | ||
| Sold | |||
| Feb 29, 2024 | In contract | - | |
| In contract | |||
| Feb 17, 2024 | Listed by Coldwell Banker Universal | $220,000 | |
| Listed by Coldwell Banker Universal | |||
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LOCATION IS KEY! This is your opportunity to own real estate in the expanding Heights area. This corner lot has so many possibilities! The home can be a fantastic fixer upper tiny home in a very thriving airbnb/short term rental community. The detached garage could be converted as well to add extra SF to the home. This could also be a buy and hold to add to your portfolio or a builder's dream project! New construction is popping up in the area and other homes have been built on similar lots. The possibilities are endless, so schedule a tour to walk this incredible investment home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017