150 Cross 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 |
|---|---|---|---|
| Jun 12, 2024 | Sold | ||
| Sold | |||
| Nov 6, 2023 | In contract | - | |
| In contract | |||
| Sep 29, 2023 | Listed by Related Beal Sales, LLC | $499,900 | |
| Listed by Related Beal Sales, LLC | |||
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Great opportunity and endless possibilities to put your personal touch on this ranch-style property. Currently occupied by a non-profit religious organization as offices, 150 Cross Street, with its huge level lot and plentiful parking (with front turnaround) was originally built as a single-family ranch home and its present spacious layout lends itself to be returned to those residential roots. Blend of vinyl tile and hardwood flooring, good ceiling height and sheetrock ceilings and walls. Kitchen space has good cabinetry and counters but limited appliances. There is no full bath at present but plenty of space to add tub / shower. Floor plan layout labels show how room could be used as a residence. Accessible ramp on the right side of the exterior. 500+/- SF of finished open space in the basement. Newer Buderus FHW heating system. Some photos virtually staged to depict residential use.
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| Feb 25, 2015 | Sold | ||
| Sold | |||
| May 18, 1993 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017