159 Morningside 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 |
|---|---|---|---|
| Sep 11, 2024 | Sold | ||
| Sold | |||
| Aug 10, 2024 | In contract | - | |
| In contract | |||
| Jul 8, 2024 | Price Decreased |
$559,900
↓ $25K
(4.3%) | |
| Price Decreased | |||
| Jun 20, 2024 | Listed by Howard Hanna Rand Realty | $584,900 | |
| Listed by Howard Hanna Rand Realty | |||
| | |||
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Welcome to an enchanting 4-bedroom, 2-bath ranch home in the exclusive hamlet of Palisades, NY. Situated on nearly half an acre, this property is just under 14 miles from the GW Bridge. With a solid foundation, this blank canvas invites your imagination, creativity, and personal touch for updates and renovations. Perfect for contractors, handymen, builders, or those looking to create their dream home or weekend getaway. Enjoy the serenity of nature and lush, verdant greenery-a true nature lover's delight! Features include an updated tankless water heater/furnace, parquet floors, and a charming fireplace. The 4th bedroom can serve as a family room, den, or home office. Located in the award-winning South Orangetown School District (top 10% in NYS). This special home awaits you. Sold As-Is.
| |||
| Jun 6, 2024 | Listed by Howard Hanna Rand Realty | $559,900 | |
| Listed by Howard Hanna Rand Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017