1013 Frances Drive
About This Property
Recent updating to plumbing, a kitchen stove, a heater have been completed.
Seller has owned this for many years, it was a great income opportunity for them, it can be for you as well! Don't miss the chance to earn income and have a living space for yourself, this can be a money maker, or your first opportunity to get in to your first home!
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 10, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Dec 4, 2024 | Price Decreased |
$639,000
↓ $30K
(4.5%) | |
| Price Decreased | |||
| Oct 1, 2024 | Listed by Platinum Partners Real Estate | $669,000 | |
| Listed by Platinum Partners Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/01/2024
| |
Studio
|
-
|
-
|
$669,000
Studio
-
|
$625,000
-6.58%
01/10/2025
|
Becky Prater
Becky Prater Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017