111 N 8th Ave
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 |
|---|---|---|---|
| Sep 30, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | Price Decreased |
$115,000
↓ $10K
(8%) | |
| Price Decreased | |||
| Apr 12, 2025 | Listed by RE/MAX Homestead Northeast | $125,000 | |
| Listed by RE/MAX Homestead Northeast | |||
| Sep 27, 2024 | Listed | $135,000 | |
| Listed | |||
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This 2-bedroom home has been used as a profitable rental investments for the last 7 years. In 2018, the house was remodeled and updated with new floor coverings, paint inside and out, windows, kitchen, bathroom, electrical, plumbing, roof and more. It has a new forced air furnace. Large window a/c condition unknown. Property will need some TLC. Some fence replaced. There is are some older outbuildings in the back that include a garage, small open pole barn and a storage building. Property will not quality for FHA, RD, VA due without exterior paint and outbuilding paint/repairs.
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| Oct 3, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017