1506 Avenue A
About This Property
Situated on a generous lot, this property boasts ample square footage and a welcoming exterior, perfect for attracting foot traffic and visibility. Inside, you'll find a spacious, flexible layout that can be easily adapted for a variety of business needs, from retail to office space. With well-maintained interiors and large windows providing natural light, the space is inviting and functional, ideal for creating a productive work environment.
This location benefits from high visibility and convenient access to major roads, including I-10 and Highway 90, as well as nearby shops, restaurants, and community centers.
Don't miss this fantastic opportunity in a growing area with a rich history and vibrant community.
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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 |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | Listed by Land Home and Ranch Realty | $655,000 | |
| Listed by Land Home and Ranch Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017