1203 Monroe Loop
About This Property
Building features 2 story townhouses. A, B, and C are 2BR and 1.5BA. D is a spacious 3BR, 2.5BA with flex room, 1-car garage, and a sizable backyard. All units feature private patios/backyards, townhomes A-C have attached laundry/storage rooms with full hookups. Turnkey property with stabilized rents in impeccable condition.
Recent remodel with updated kitchens, appliances, and fixtures. Updated bathrooms w/new toilets, bathtubs, vanities throughout. New lighting/plumbing fixtures. Unit B and C have new vinyl floors throughout while all 4 units feature new stair carpets, baseboards, trim and mostly new doors throughout. Fresh texture and paint in all units. Fence and landscaping. Brand new HVAC systems on Unit A, May 2023, Unit C, July 2023.
The manager has listed the unit size as 4465 square feet.
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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 |
|---|---|---|---|
| Aug 12, 2023 | No longer available | - | |
| No longer available | |||
| Aug 8, 2023 | In contract | - | |
| In contract | |||
| Jul 27, 2023 | No longer available | - | |
| No longer available | |||
| Jul 21, 2023 | Listed | $395,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/21/2023
| |
Studio
|
-
|
4465 ft²
|
$395,000
Studio
-
4465 ft²
|
-
-
|
Kyiandra Somerville
KCS Realty, LLC
|
|
06/19/2023
|
2 Bed
|
1.5 Bath
|
4445 ft²
|
$925
2 Bed
1.5 Bath
4445 ft²
|
-
-
|
Zylisha Whitted
NEXTHOME KCS REALTY
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017