1503 Otis Dr
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 |
|---|---|---|---|
| Sep 2, 2021 | Sold | ||
| Sold | |||
| Jun 28, 2021 | Sold | ||
| Sold | |||
| Jun 24, 2021 | Listed by Bold Realty | $625,000 | |
| Listed by Bold Realty | |||
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Looking for a brand new build with main floor living? This light and bright home features open concept living. Everything is sparkling clean and new. You will love entertaining in your gourmet kitchen with granite counters and all the upgraded appliances and a gas stove. The great room welcomes you in with it's cozy fireplace and vaulted ceilings. Your generous master retreat includes a luxury 5 piece master bath with a separate soaking tub and granite counters. There are 2 additional bedrooms on the main level and a full bath and another 1/2 bath. Fresh grass, landscaping and fence in. Working from home? You have a great study on the main level too. The unfinished basement offers so much potential with 2 egress windows, another bath rough in and 9 foot ceilings. So much room to grow. The front and back yards are landscaped and fenced. Directly across the street is a sweet little park. Oversized 2 tandem car garage. Seller is a relative of the agent.
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| Jan 4, 2021 | Listed | $525,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017