11 Melissa Ln
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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 30, 2022 | No longer available | - | |
| No longer available | |||
| Mar 25, 2022 | Sold | ||
| Sold | |||
| Mar 1, 2022 | Listed by RE/MAX HOUSE VALUES | $600,000 | |
| Listed by RE/MAX HOUSE VALUES | |||
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Turn onto Melissa Lane and notice immediately the picture perfect neighborhood. As you pull into the driveway, you will see this impeccably maintained home with meticulous landscaping, new windows and a brand new driveway. Step into center hall colonial, a welcoming foyer and large rooms greet you. Large eat in kitchen with peninsula counter space, formal living room with french doors and a family room with sliders out to the deck. Off the kitchen there is a formal dining room (presently used as home office) spacious laundry/mud room and utility room with door out to back yard. Upstairs this home boasts hard wood floors, high ceilings, 4 bedrooms and 2 bathrooms. Set on nearly 1/2 an acre, this flat yard backs up to state land complete privacy.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017