1005 N Paddock AVENUE
About This Property
The two bedrooms, while modest in size, provide ample natural light through their original windows, which could be revitalized to enhance the overall aesthetic. The kitchen, a blank canvas, awaits a modern makeover, and the bathroom, though functional, requires a complete overhaul to meet contemporary standards. This is the perfect starter home or rental property.
The backyard, overgrown but filled with possibilities, could be transformed into a serene outdoor retreat. With a vision and creativity, this home can be turned into a stunning residence, making it an ideal project for those looking to breathe new life into a space.
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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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Dec 12, 2024 | In contract | - | |
| In contract | |||
| Dec 9, 2024 | Listed by LPT REALTY | $345,000 | |
| Listed by LPT REALTY | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017