118 Commerce Rd
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 |
|---|---|---|---|
| Jul 25, 2014 | Sold | ||
| Sold | |||
| Apr 30, 2013 | Sold | ||
| Sold | |||
| Aug 29, 2011 | Listed by Kinlin Grover Compass | $379,000 | |
| Listed by Kinlin Grover Compass | |||
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This is a fantastic opportunity to purchase a home on .41 acre of land. Priced 89k below assesment. Because it is hooked up to TOWN SEWER, this has potential to add on or start fresh and build your dream home in a great neighborhood. Enjoy a short stroll to Millway Beach and views of Marespin Creek.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017