1400 Perry St
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jun 10, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | In contract | - | |
| In contract | |||
| May 2, 2024 | Listed by MODUS Real Estate | $839,000 | |
| Listed by MODUS Real Estate | |||
| | |||
|
This move-in ready, duel income, gem is just waiting for you to make it your own! Perfect for a new homebuyer that would like to earn revenue from their primary residence or seasoned investor looking for a turn key rental with a lock off basement unit. Airdna numbers currently projected at ~$4,100 for the main floor and ~$3,600 for the basement unit. Improvements to the property include an all new roof, electrical, plumbing, windows, doors, AC, furnace, tile, counters, cabinets, and much more. New sound dampening insulation has been added between the floors to improve the livability of the space while generating rental income from multiple units. The fully updated, spacious floor plan makes the entertaining areas feel larger with high ceilings and high-end finishes. The fully-equipped kitchen is lined with pristine new white shaker cabinets, soft close doors and drawers, huge south facing windows, gorgeous quartz counters, decorative backsplash, and stainless steel appliances to create the ultimate space for a home chef to flex their skills. The generously-sized bedrooms are flooded with natural light and allow access to the tranquil spa-like bathroom with wall-to-wall custom tiling. Each unit includes laundry hook ups. Fully permitted 1,387 square feet Lock-off basement allowing for dual income cash-flowing rental. This two bed one bath with an office addition includes separate laundry, kitchen, living room with its own exterior entrance.The walk ability of this property is truly amazing. With establishments like Alamo Draft house, Starbucks, Odell's Brewing, The Patio at Sloan's Lake, Sloan's Lake Tap and Burger plus showing, gyms and much more all within a 10 minute walk! On top of that, this beautiful home is located just steps away from Lakewood Gulch green space which includes maintained walking and biking paths, three parks, breweries, and wide open spaces with scenic city views along the entire path and with the Perry light rail stop just a few blocks away.
| |||
| Feb 15, 2023 | Sold | ||
| Sold | |||
| Jan 19, 2023 | Listed by MODUS Real Estate | $649,900 | |
| Listed by MODUS Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017