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1439 Pine 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 |
|---|---|---|---|
| Oct 15, 2021 | No longer available | - | |
| No longer available | |||
| Sep 6, 2021 | In contract | - | |
| In contract | |||
| Aug 26, 2021 | Price Decreased |
$575,000
↓ $74K
(11.4%) | |
| Price Decreased | |||
| Aug 3, 2021 | Price Decreased |
$649,000
↓ $50K
(7.2%) | |
| Price Decreased | |||
| Jul 1, 2021 | Listed by COMPASS | $699,000 | |
| Listed by COMPASS | |||
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Price reduced on this newly licensed vacation rental! Location, location, location! The three most important rules of real estate and this property fits the bill! Situated just 2 blocks from the Downtown Park and 4 blocks from the new Paso Market Walk, this home is centrally placed to take advantage of Paso’s upcoming development plans. Built in 2007, it features 3 bedrooms, 2.5 baths, just over 1,500 sq. ft. of living space, indoor laundry, a private patio and an attached 2 car garage. Per the City, the newly issued permit is transferrable to the new owner, giving you the ability to immediately generate income as a fully permitted vacation rental! Variable use, newer construction, and an incredible location! This is one you don’t want to miss! The manager has listed the unit size as 1520 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017