159 Sparrow Drive
About This Property
Move-In Ready, Updated Home In A Pleasant Setting. Recent updates include Lifeproof luxury vinyl plank flooring throughout, a freshening up of the kitchen with stainless appliances, new sink, faucet and lighting and an awesome stainless/glass vent hood. Primary bedroom suite with private bath, including a low-threshold shower stall. Central air unit was recently installed as well as a covered front porch. New hot water tank. Nice large storage shed. Ramp to be removed prior to closing, wooden steps to be rebuilt in place.
The manager has listed the unit size as 1124 square feet.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 9, 2024 | No longer available | - | |
| No longer available | |||
| Feb 28, 2024 | Listed | $70,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/28/2024
| |
2 Bed
|
2 Bath
|
1124 ft²
|
$70,000
2 Bed
2 Bath
1124 ft²
|
-
-
|
Harrison Wolfington
Laflin & Wolfington Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017