36
Map
116 Virginia Avenue
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 24, 2023 | Sold | ||
| Sold | |||
| Sep 6, 2023 | In contract | - | |
| In contract | |||
| May 13, 2023 | Listed by Coldwell Banker Residential RE | $289,000 | |
| Listed by Coldwell Banker Residential RE | |||
| Apr 6, 2021 | Sold | ||
| Sold | |||
| Feb 3, 2021 | Listed by RE/MAX Aerospace Realty | $99,500 | |
| Listed by RE/MAX Aerospace Realty | |||
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INVESTOR ALERT Cash Cow Potential at a price that is absolutely unheard of in this market! Concrete Block Home w/ Carport, Covered Porch, & Additional 720 Sqft 2 Car Garage/Workshop behind the home. Extremely Flexible BU-2 Zoning Means You Can Work (As Hard As You Want) From Home. (See Documents for BU-2 Zoning Use Options) Or Have Your Business Complete With On Site Employee Housing. Garage Has a Bathroom, So Plumbing is in Place For Over Garage Apartment. This Property Has All the Potential of a Blank Canvas to Customize as You Like. Call for more details!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017