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1203 NYE STREET
About This Property
1203 Nye Street has had a down to the studs, quality renovation-meticulously done with pride of craftsmanship. Truly turnkey, this 3 Bed, 1 Bath, full masonry Cape Cod features: two lovely finished levels with excellent natural light, a brand-new stunning kitchen with soft close, solid Shaker cabinets-granite countertops-subway tile backsplash-stainless steel appliances including gas cooking-lvp flooring-table space; an elegant bath remodel including a granite topped vanity, porcelain floor tile and subway tile surround 2023; energy efficient with new drywall-trim-spray foam and fiberglass insulation in attic-walls-crawl space; main level laundry room hookup, copper plumbing.
Installed were: recessed lights, all new interior and exterior doors, oak tread staircase to second floor, easy to maintain Aluminum-clad solid wood Pella 450 series windows throughout 2019, HVAC with lined chimney 2019, hot water heater 2020, Architectural Roof and gutters 2020, engineered hardwood floors upstairs 2023, new carpet on first floor 2024.
All space is finished including a bonus area on the second floor, a fresh palate of paint inside and out, and a lovely flat level lot.
Super convenient location-less than 1 mile to the Cheverly and Deanwood Metros, good proximity to major routes including the BW parkway-295, retail, etc. Why pay rent anymore?
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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 |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Sep 8, 2024 | In contract | - | |
| In contract | |||
| May 24, 2024 | Listed by RE/MAX Realty Centre, Inc. | $309,900 | |
| Listed by RE/MAX Realty Centre, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017