1369 N Phillips Street
About This Property
Unique to this property, the garage has been converted into a versatile living space studio, complete with a kitchen area, offering endless possibilities for additional living quarters, a home office, or a creative studio-ideal for accommodating guests or creating extra income potential. This space is approximately 500 square feet bringing the total living space to approximately 1,798 square feet. Outside, the spacious yard provides ample room for outdoor activities and gatherings, complementing the lifestyle of comfort and convenience that this residence offers.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 4, 2024 | In contract | - | |
| In contract | |||
| Sep 23, 2024 | Price Decreased |
$439,900
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Aug 31, 2024 | Relisted | $449,900 | |
| Relisted | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017