1121 Main 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 |
|---|---|---|---|
| Apr 19, 2024 | Sold | ||
| Sold | |||
| Mar 20, 2024 | In contract | - | |
| In contract | |||
| Mar 15, 2024 | Relisted | $549,900 | |
| Relisted | |||
| Jan 20, 2024 | In contract | - | |
| In contract | |||
| Jan 11, 2024 | Listed by Discover Properties | $549,900 | |
| Listed by Discover Properties | |||
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This spacious 6 room, 3 bedroom ranch style home is set back on a huge, 1.35 acre lot and is ready for your personal touches. The first floor features a large, bright fireplaced living room, fully applianced oak eat-in kitchen, 3 spacious bedrooms and a full bath with walk-in shower. There's a sunny, oversized screened deck and a big finished lower level with bar. Features include oak hardwood floors under the carpets, updated gas heating system and electrical service, replacement windows, generator and professionally installed french drain system. *** DEVELOPMENT potential: The property is located in the General Residence zoning district which allows for single and multi family dwellings and can potentially be developed. Detailed plot plan and wetlands plan attached to MLS listing. Buyer/buyer agent must perform all due diligence prior to making offer if development is of interest to buyer. Sewer easements (see attached plans).
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017