1640 Willow St
About This Property
There are a few new windows and there are heaps of electrical outlets in the garage. Showings begin August 1st. Seller requests all offers be submitted by Sunday August 4th at 7pm, with a response deadline of August 5th at 7pm. Seller has never lived in the property and will not be preparing a Seller's Property Disclosure. Realtors, read the private remarks.
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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 |
|---|---|---|---|
| Aug 14, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Listed by 8z Real Estate | $315,000 | |
| Listed by 8z Real Estate | |||
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This fix-up opportunity offers great potential to transform into a profitable fix and flip, your own family home or rental property. (Similarly sized remodeled homes can sell in the mid 400s!) Conveniently located near numerous businesses, hospitals, and amenities, this home boasts an updated electrical system, ensuring a solid foundation for your renovation plans. With its prime location, you can enjoy easy access to everything you need. The seller has never lived in the property and prefers to sell it as-is, providing you with the chance to customize and create your ideal living space. Don't miss out on this exceptional opportunity!
There are a few new windows and there are heaps of electrical outlets in the garage. Showings begin August 1st. Seller requests all offers be submitted by Sunday August 4th at 7pm, with a response deadline of August 5th at 7pm. Seller has never lived in the property and will not be preparing a Seller's Property Disclosure. Realtors, read the private remarks.
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| Oct 12, 2011 | Sold | ||
| Sold | |||
| Jun 26, 2001 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017