1378 Morgan Street
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 |
|---|---|---|---|
| Aug 9, 2021 | Sold | ||
| Sold | |||
| May 17, 2021 | Listed by Maple Leaf Realty | $499,900 | |
| Listed by Maple Leaf Realty | |||
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Everyone's dream of Vermont living, this c. 1820 Colonial style farmhouse with frontage on the South Stream offers many possibilities! The home is gracious and comfortable with updated kitchen and baths, open gathering spaces including the beautiful sunroom addition, living room and family room on the first floor as well as first floor master suite and laundry area. On the second floor is an in-law suite with second kitchen/living area (currently used as an AirBnB with one of the guest bedrooms), two additional bedrooms, bath and office/study. The 3,462 square foot barn currently houses a wreathmaking and Christmas tree shop on a separately deeded portion of the 4.57 acre parcel. Whole house generator offers peace of mind and solar array generates plenty of power. For those of an entrepreneurial spirit, both businesses provide an exceptional opportunity to produce income, however the tree farm could be operated as a passive business by hiring out the management of the trees or the property could easily be returned to a thoroughly residential use, you decide!
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| Jul 2, 2019 | Sold | ||
| Sold | |||
| Apr 1, 2019 | Listed by Four Seasons Sotheby's Int'l Realty | $319,000 | |
| Listed by Four Seasons Sotheby's Int'l Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017