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1226 Morris Avenue
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 |
|---|---|---|---|
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2024 | In contract | - | |
| In contract | |||
| Nov 16, 2024 | Listed by Ramirez Properties | $479,000 | |
| Listed by Ramirez Properties | |||
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Rare 5-bedroom 2 bath home on a low traffic corner lot with plenty of space to expand, the home features large master suite with its own bathroom, three bedrooms on one side of the home, living room dining and kitchen in the center and 2 additional bedrooms on the other side. Of the home. This is a great investment as a rental or for a first-time buyer.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017