122 Payne Street
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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%.
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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 6, 2023 | Sold | ||
| Sold | |||
| Oct 11, 2023 | Listed by Greenwood King Properties | $699,000 | |
| Listed by Greenwood King Properties | |||
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Charming and updated 1920s Woodland Heights bungalow featuring gorgeous outdoor living with brick pavers, gas fireplace, pergola + café lights. Remodeled white kitchen w/marble counters, KitchenAid SS gas range w/hood, wine fridge & walk-in pantry. Fantastic mudroom off kitchen has custom lockers. Refinished hardwoods, plantation shutters, & designer light fixtures throughout. Primary bath w/marble counters, double sinks, vintage clawfoot tub, separate shower, & huge walk-in closet. Secondaries w/high ceilings share bath w/tub & shower combo, marble counter & designer wallpaper. 2021 paint in & out! Custom craftsman door installed 2020. Large walk-in storage shed has concrete floor & electricity (2020). Recent HVAC & ductwork. Windows restored (2022). Updated electrical, wiring, plumbing, & spray insulation (prior owner). Wonderful location blocks to Woodland Park, Heights favorite Uncle Bean’s Coffee + hike & bike trails. Zoned to A-rated Travis Elem (buyer to verify). All per seller.
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| Jun 7, 2019 | Sold | ||
| Sold | |||
| Apr 23, 2019 | Listed by Greenwood King Properties | $575,000 | |
| Listed by Greenwood King Properties | |||
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1920s Woodland Heights area bungalow, located in quaint German Town, is loaded w/ updates including but not limited to: interior/exterior HVAC & ductwork, windows, electrical wiring & panel, gas lines, plumbing, insulation. Recent remodel (2014) included addition of mudroom off kitchen w/ cubby space, utility room housing washer/dryer & water heater, carport with attached shed w/ locked door. Master suite added w/ reclaimed pine hardwoods, huge walk-in closet & bath w/ vintage clawfoot tub, separate shower with glass enclosure & double sinks w/ marble surround. Kitchen upgraded w/ new built-in cabinetry, walk-in pantry, SS under-mount sink, marble countertops, stainless steel range hood w/ 30” glass panel, KitchenAid SS gas range, wine refrigerator, microwave & dishwasher. Secondary bedrooms w/ high ceilings & closet space share bath w/ tub/shower combo & marble countertop. Refinished hardwoods throughout. Walking distance to Woodland Park & hike and bike trails. All info per Seller.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017