140 Prospect Street
About This Property
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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.
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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 25, 2018 | Sold | ||
| Sold | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 11, 2018 | Listed | $139,000 | |
| Listed | |||
| | |||
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You’ll find this renovated Victorian situated on a well-manicured lot within walking distance to Newport’s waterfront, bike path, library, local restaurants and shops. This home retains many original features, such as stained glass windows, refurbished hardwood floors and striking staircase with painted detail on the risers. Updates, including a propane furnace, tankless hot water heater, roof, and replacement windows, make it much more efficient. This home offers a large eat-in kitchen, dining room, double living room, and full bath on the main level. Three bedrooms, including a spacious master bedroom with walk-in closet, full bath and laundry room, are on the second level. The third floor has a built-in daybed, that's perfect for curling up with a book, as well as an office/studio space. There’s plenty of storage with a workshop area and storage shed for garden tools, bikes, and toys. White picket fencing surrounds the yard, which has established flower beds, a lilac tree, pea stone pathways and a cozy fire pit area. In the summer, sit on the covered porch and enjoy a glass of lemonade, and when the temperature goes down, make s’mores and memories around a glowing fire. The manager has listed the unit size as 2158 square feet.
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| Feb 23, 2018 | Listed by Century 21 Farm & Forest | $133,000 | |
| Listed by Century 21 Farm & Forest | |||
| Jul 15, 2013 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017