1576 Sumner Avenue
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 21, 2024 | Sold | ||
| Sold | |||
| May 17, 2024 | In contract | - | |
| In contract | |||
| Feb 2, 2024 | Listed by Keller Williams Park Views | $299,777 | |
| Listed by Keller Williams Park Views | |||
| Mar 3, 2023 | No longer available | - | |
| No longer available | |||
| Sep 8, 2022 | Listed by J.Michaels Realty | $900,000 | |
| Listed by J.Michaels Realty | |||
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New development in highly sought after township of a modern and spacious open concept 2889 sq ft 5 bed 3 full bathroom home. Home will be built on a brand new cinder block foundation. The development calls for high end finishes. State of the art thermo windows quartz countertops and luxurious bathroom finishes . End buyer will have the opportunity to meet with developer and custom design finishes to their choosing. Owner is willing to offer seller financing to an end buyer with a 20% down payment. Builder/Developer may purchase two adjoining vacant lots for $225,000 per lot with approved plans and develop these lots on their own. Please see NJMLS Listing ID # 22033062
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017