1440 WESTERLY Terrace
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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.
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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 |
|---|---|---|---|
| Aug 13, 2018 | No longer available | - | |
| No longer available | |||
| Aug 1, 2018 | Sold | ||
| Sold | |||
| Jul 16, 2018 | Listed | $1,089,000 | |
| Listed | |||
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Silver Lake is a special place and this is a special property. You can't do a drive by to see it because it lives behind a tall fence and a solid gate--great for privacy! You can't google it to see anything, and you can't get a sense of the size of the house from the public records because one bedroom and bath are separate from the main living area and aren't on the tax records. But one thing you can see from the records is the 10,000 square foot lot! The house is really adorable with a high vaulted ceiling in the living room, a walk-in closet that will make everyone jealous, and a dining room and kitchen with a treetop view that makes it all feel airy and spacious. The kitchen has fun new flooring and stainless steel appliances. There are French doors out to a deck that begs for a farm-to-table type dinner to happen. Also opening to the deck is the second bedroom that has its own bath. There are stairs down to the backyard and the adventure continues with a dungeon-style concrete shed perfect for wine storage. There is also a pre-fab shed that could make a great home office or studio. Just a short distance from Silver Lake & Sunset Boulevards, this is Silver Lake real estate with a flair for the unusual. The manager has listed the unit size as 740 square feet.
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| Jun 28, 2018 | Listed by Compass | $1,089,000 | |
| Listed by Compass | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017