1402 S Michael 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%.
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 |
|---|---|---|---|
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Feb 13, 2024 | In contract | - | |
| In contract | |||
| Jan 18, 2024 | Listed by The Real Estate Service | $235,000 | |
| Listed by The Real Estate Service | |||
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This home is situated on a large 1/2 acre lot, the home is well kept and there's a 20' x 24' storage building that has varied potential. Attached to the storage building is a 9' X 24' covered carport like structure. Traffic is minimal because this portion of Michael St. ends at the south property line of 1402 Michael. St. A foundation inspection has been performed on the home and there are foundation issues that may need to be addressed.
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| Jul 9, 2021 | Sold | ||
| Sold | |||
| May 31, 2021 | Listed by Kingsland Properties | $194,500 | |
| Listed by Kingsland Properties | |||
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WELCOME HOME! This home is MOVE IN READY! This 3 bedroom 2 bath home sits on apex 1/2 acre. Lots of back yard for all the kids and pets! There's even a he/she shed for all your projects! Sit on the covered patio and enjoy the country views. The kitchen opens up to the large den and the living room opens to the dinning area. All bedrooms are nice size. Master bath has a walk in shower. This home has been freshly painted and just waiting for your final touches to make it home! Come and see this amazing well-maintained family home. The best part is you are at the dead end where there is NO drive through traffic!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017