1401 Ellis Lane
About This Property
Incredible backyard with this oversized lot. Plenty of room for kids to play or to add pool. Large gourmet kitchen and open family area. Close proximity to dog park and separate pavilion. Lots of amenities including clubhouse, waterpark with huge water slide and additional pool; basketball and tennis courts as well. Access to multiple neighborhood children's play areas.
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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 |
|---|---|---|---|
| Jan 15, 2021 | Sold | ||
| Sold | |||
| Oct 27, 2020 | Listed by Coldwell Banker Realty Frisco | $374,999 | |
| Listed by Coldwell Banker Realty Frisco | |||
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Incredible four bedroom, three and a half bathroom, open and spacious floor plan with dining room and study. Upstairs includes extensive living area as well as laundry room. Great room and three bedrooms upstairs.
Incredible backyard with this oversized lot. Plenty of room for kids to play or to add pool. Large gourmet kitchen and open family area. Close proximity to dog park and separate pavilion. Lots of amenities including clubhouse, waterpark with huge water slide and additional pool; basketball and tennis courts as well. Access to multiple neighborhood children's play areas.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017