1361 NICHOLSON Road
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%.
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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 |
|---|---|---|---|
| Apr 22, 2025 | Price Decreased |
$495,000
↓ $30K
(5.7%) | |
| Price Decreased | |||
| Mar 24, 2025 | Price Decreased |
$525,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Feb 7, 2025 | Price Decreased |
$530,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jan 10, 2025 | Price Decreased |
$534,500
↓ $3K
(0.6%) | |
| Price Decreased | |||
| Nov 10, 2024 | Listed | $537,500 | |
| Listed | |||
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This home in the heart of St. Nicholas and close to San Marco Square captures the charm of the 1950's home with custom updates. This spacious, 2,019 SF home has 4-bedrooms, 2-baths, a formal living room, separate dining room, sunroom/breakfast room and many large storage built-ins. The 4th bedroom can easily also be an expansive family room or office. An additional 160 SF Inside laundry has window AC/heat unit, deep sink, shelving and built-in cabinets. The metal roof, hardwood floors, fireplace/built-in shelving, stand-up attic, pull-down attic stairs, attic shelving, large finished 2-car garage, large screened back porch and brick paver driveway are only a few features of the home.
The home has been rewired, plumbing and fixtures replaced, all interior doors replaced with beautiful custom doors, new kitchen cabinets and tile floor, hot water on-demand in kitchen, bathrooms updated with walk-in shower in the main bath and tub/shower in guest bath and windows replaced. In October, 2024, a new AC system was installed.
The location is convenient in a quiet and prestigious neighborhood with great schools like Bishop Kenny (only a short walk), Episcopal, Bolles and Douglas Anderson. Also, take in the sunsets on the lovely St. Johns River.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017