116 Amherst 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 |
|---|---|---|---|
| Jan 23, 2025 | Sold | ||
| Sold | |||
| Oct 21, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Relisted | $250,000 | |
| Relisted | |||
| Sep 27, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | Listed by Lock and Key Realty Inc. | $250,000 | |
| Listed by Lock and Key Realty Inc. | |||
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This expansive 7-bedroom, 2 full bath home in the desirable McKnight neighborhood is a fantastic opportunity for investors or home owners with vision to add a few upgrades. Situated on a street with similarly styled homes, this property offers great potential with just a small punch list of renovations to restore its full value. Conveniently located near shopping centers, public transportation, and local amenities, this property is ideal for buyers looking to invest in a thriving area. With ample space and a solid structure, it’s perfect for a profitable fix-and-flip or long-term rental investment. Don't miss out on this chance to bring this home back to full potential with your finishing touches!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017