119 SUMMIT AVE
About This Property
There is NO OPEN HOUSE on Sunday, October 16th.
You know how sometimes a home just "speaks to you" ? Well, I can absolutely say this one says "Welcome" from the moment you enter the living room until you complete your tour in the very cozy second outdoor space behind the garage, make sure you don't miss this spot. The current owners have lovingly maintained this home and it shows. On the first floor you will find a living room, dining room, two bedrooms, a full bath an updated kitchen and a family room with a fireplace and lots of natural light shining in. From that family room you can step out onto a stone patio and enjoy you morning coffee or just curl up, weather permitting, and dive into your favorite book, the choice is yours. The loft style second floor lends itself to whatever your lifestyle requires. A bedroom, an office, a study, a craft area, you decide. Plus there is a second full bath too. Then there is an oversized, two car garage, and behind the garage is the special spot I mentioned earlier. A secluded spot to just sit and chat and enjoy the seasons. Last but certainly not least, there is a full basement with an door opening to the outside, makes for ease of putting your seasonal items in storage. Don't miss this one, you will be glad you waited!
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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 |
|---|---|---|---|
| Nov 21, 2022 | Sold | ||
| Sold | |||
| Oct 11, 2022 | Listed by RE/MAX Tri County | $339,745 | |
| Listed by RE/MAX Tri County | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017