11 Paddock St
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 |
|---|---|---|---|
| Jul 13, 2020 | Sold | ||
| Sold | |||
| Mar 11, 2020 | Listed by Compass | $638,000 | |
| Listed by Compass | |||
| Dec 11, 2018 | Sold | ||
| Sold | |||
| Sep 23, 2018 | No longer available | - | |
| No longer available | |||
| Aug 22, 2018 | Listed | $379,900 | |
| Listed | |||
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This property has endless opportunitites. Property contains 4 individual units, however area is zoned SF and must be converted back to single family w/ potential for a legal in-law/accessory apartment. Take it down to the studs and recreate with a blank slate. Wooded location just outside downtown and all that Wilmington has to offer. Submit all offers through auction dot com 9/16-9/18, subject to 5% buyer premium. This home has potential value of $600k+ in todays' market after renovation! Well needs arsenic and bacteria mitigation in order to pass title v, which is buyers responsibility (est
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Address: 335 Madison Avenue, New York, NY 10017