1145 S Phillips Road
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%.
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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 |
|---|---|---|---|
| Feb 15, 2024 | Sold | ||
| Sold | |||
| Oct 26, 2023 | Listed by Coldwell Banker Spinks Brown | $469,900 | |
| Listed by Coldwell Banker Spinks Brown | |||
| Apr 8, 2021 | No longer available | - | |
| No longer available | |||
| Jan 27, 2021 | Price Decreased |
$499,999
↓ $25K
(4.8%) | |
| Price Decreased | |||
| Oct 28, 2020 | Listed | $525,000 | |
| Listed | |||
| | |||
|
TWO for the price of ONE! Approximately 14 acres of private, lush land, and two homes. Parcel 1 is 8.84 acres with the traditional style main home featuring 4 beds / 3 baths plus many bonus spaces & covered front & rear porches great for entertaining. Soaring ceilings, crown molding, and OVERSIZED MASTER with a unique “Ofuro” or Japanese soaking tub room, HUGE closet with custom shelving, & balcony with reading nook. Kitchen has plenty of storage, granite counters & E-granite sink. Parcel 2 is 5 acres and has a ranch style all brick guest home built in 1969 sold AS-IS and features 2 beds/2 baths. Home has lots of character including a large fireplace with rustic mantle, cedar closets, & cute front porch. Roof is 3 years old. 10 acres are fenced with 2 gates and each home has private driveway. There is also a mancave/woodworking/storage shop that’s heated/cooled plus 2 storage units each approx 300SF. Property also has chicken coop, blueberry bushes and fruit trees. The manager has listed the unit size as 3829 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017