15 Hemlock Rd
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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 6, 2024 | In contract | - | |
| In contract | |||
| Apr 2, 2024 | Listed by Atlantic Coast Homes,Inc | $399,900 | |
| Listed by Atlantic Coast Homes,Inc | |||
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Highest and best offer deadline for Thursday April 4th at 10AM. Attention Contractors and DIYers! 2.5 acre lot in picturesque location for your next project. Large level lot in established Kelsey Nursery Neighborhood. Existing house has addition that was started many years ago but never finished. Poured Concrete foundation. 2 car garage. Super convenient to I 95. Original house needs full gut, roof. Please do not enter. Mold present inside. Unsafe conditions present. No heat. Will not qualify for conventional financing. Rehab loans welcome. Approximately 1800 sq ft on first floor with potential of another 1000 sq ft with walk up second floor. New water heater and Washing machine never been used. Do not enter the structure.
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Address: 335 Madison Avenue, New York, NY 10017