1408 MORSE ST NE
About This Property
The main level features an open floor plan with living and dining spaces, a powder room, and an updated kitchen with breakfast bar. Modern wide-plank floors, fluted oak built-ins, recessed lighting, and updated fixtures. The top floor includes 3 bedrooms and 2 full bathrooms. The primary bedroom has natural light from multiple sides, a walk-in closet and an en-suite bathroom. Bedroom 2 also has natural light from multiple sides, a built-in Murphy bed, and an adorable built-in playhouse with a loft bed. Bedroom 3 features a custom-built fluted oak feature wall, designer wallpaper, and a built-in closet. The basement provides a family room and recreational area with plenty of storage space, as well as an office with a built-in custom desk, a laundry room with a slatted feature wall, and a hidden utility area.
Outdoors there is a large, welcoming front porch and the backyard offers a private outdoor patio and doubles as a secure parking space. Walk to all of the lively spots on H Street as well as parks, pools, and so much more. Move right in and enjoy everything that this convenient city location has to offer!
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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 |
|---|---|---|---|
| Oct 2, 2023 | Sold | ||
| Sold | |||
| Sep 10, 2023 | In contract | - | |
| In contract | |||
| Aug 27, 2023 | Listed by Compass | $715,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017