164-36 77th Road
About This Property
First Floor: Brand-new kitchen with new stove, refrigerator, and dishwasher; spacious living room and dining area with marble and hardwood flooring.
Second Floor: Two bedrooms and one full bathroom.
Third Floor: One bedroom and an office or flexible space.
Finished Basement: Separate entrance, full bathroom, washer and dryer, boiler room, and storage space.
Convenient Location: Close to parks, restaurants, and shopping.
Express bus to Manhattan: QM1, QM5, QM6.
Easy access to major highways: Long Island Expressway (I-495), Grand Central Parkway, and Cross Island Parkway.
Multiple bus lines nearby: Q17, Q25, Q45, Q46, Q48, Q64, Q65, Q74, Q75.
This move-in ready home is a great opportunity and will not last long. Schedule your showing today!
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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.
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About Northeastern Queens
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017