1131 Orchard Street
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 1, 2021 | Sold | ||
| Sold | |||
| Dec 7, 2020 | Listed by Compass Greater NY, LLC | $325,000 | |
| Listed by Compass Greater NY, LLC | |||
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Welcome Home! This property was distressed and abandoned for over 6 years. It was gutted down to the studs and supported from the foundation upwards. This home was completely gutted and reinsulated with closed cell spray foam insulation throughout the entire home. The heating bills were cut in half! This home has brand new electrical throughout the entire home as well as brand new plumbing, brand new heating, New pecks lines for hot and cold water, new bathrooms, and also a new water line from the road. The oil burner is also brand new. The entire first and second floor was releveled and added brand new plywood and new waterproof flooring. Brand new quartz kitchen with stainless-steel appliances and Center island for an eat in kitchen feel or go into your dining room. The entire home was repainted, brand new fence in the front yard and backyard. This home is as turn key as it gets. Please request before and after photos and they will be sent over. Schedule your private tour today.
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| Jun 25, 2018 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017