15 Michael Drive
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 |
|---|---|---|---|
| Aug 24, 2022 | Sold | ||
| Sold | |||
| May 10, 2022 | Listed by Gilcrest Properties | $439,900 | |
| Listed by Gilcrest Properties | |||
| Oct 26, 2021 | No longer available | - | |
| No longer available | |||
| Jun 16, 2021 | Listed by Peggy Lampman Real Estate | $449,000 | |
| Listed by Peggy Lampman Real Estate | |||
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Comfortable, well-built and maintained ranch home with stunning pool. Privately fenced 43' x 16' heated, inground pool with computerized equipment and salt generator, gazebo and small barn on nearly an acre of beautifully landscaped grounds with mature specimen trees, shrubbery, flowering gardens and a working orchard (apple, cherry, peach and pear). The three bedroom, two bath one level home includes spacious living room with stone fireplace, dining room, and kitchen, plus a year round sunroom and a deck overlooking the backyard with seasonal Catskill views. Solidly built in 1978, the home has had many improvements over the years. There are original hardwood floors throughout (preserved by carpet), all new ComfortWindows vinyl energy-efficient windows, a Generac automatic generator, a Buderus boiler and Trane central air. The partially finished basement has lots of potential. Less than 10 minutes to thriving Hudson and convenient to everything. The manager has listed the unit size as 1376 square feet.
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| May 1, 2001 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017