123 Cherry St
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 |
|---|---|---|---|
| Jun 26, 2019 | Sold | ||
| Sold | |||
| May 17, 2019 | Listed by J. Barrett & Company | $487,500 | |
| Listed by J. Barrett & Company | |||
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Amazing Opportunity! This intriguing property offers an array of possibilities for contractors, tradesmen and/or end-user buyers seeking a unique situation. Located between Hamilton & Beverly this 1+ Acre Lot boasts a: 2018 sq.ft. Single Family Home with: a Brand New Septic System, Oversized 3-Car Garage w/ Workshop & an ENORMOUS 2-Level Barn! While the house does require renovation it offers a spacious first floor layout, 3 good sized bedrooms, newer windows, newer roof & water tank, a full basement & a well maintained FHA heating system. A detached garage needs minor repair but has a newer roof, 3 huge bays & an ample sized workshop. The barn is extraordinary...it too has a newer roof & offers a wide/drive-thru aisle, several large rooms, super high ceilings & two separate lofts...there's also a lower level, accessed 'round back. This ANR lot was recently established & is bordered by the Cedar Pond Wildlife Sanctuary.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017