162 Macy Road
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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%.
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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.
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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 |
|---|---|---|---|
| Nov 5, 2024 | Sold | ||
| Sold | |||
| Sep 24, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | Listed by Houlihan Lawrence Inc. | $699,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Calling all contractors, investors and handy homebuyers! Expansive & charming Chilmark Neighborhood Six Bedroom expanded (with two additions) Cape Colonial home on large level .63 acre property with a partially fenced yard. Three of the Bedrooms, including a Primary Bedroom Suite are on the main level, and three BRs upstairs. Huge unfinished basement level: renovate multiple spaces/rooms to create a playroom, gym, home theatre, etc. Being sold "AS IS." EIK was mid-renovation, so needs countertops and finishing touches. Cabinets & appliances never used. Hardwood floors as seen. Two Zone Central Air. See attached documents for Property Condition Disclosure, Floor Plans, Survey & Mold Assessment from Dec. 2023. Close to Macy Road Park & recreation: playground, tennis & pickleball courts. Nearby shops and public transportation. Briarcliff Recreation & Scarborough Station/Metro North parking. Stained Glass excluded. A great buy!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017