165 Tier Street
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 5, 2020 | No longer available | - | |
| No longer available | |||
| May 3, 2020 | Listed by McClellan Sotheby's Int. Rlty | $685,000 | |
| Listed by McClellan Sotheby's Int. Rlty | |||
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A rare find in the heart of City Island! This historic home gives you the privilege of an expansive, landscaped outdoor space featuring an automated irrigation system, mature trees to maximize privacy and a patio with relaxing hot tub. Your oversized, gated driveway allows for you and your guests to all park comfortably. The welcoming foyer leads to the bright, open floor plan showcasing the fabulous kitchen with serving bar and stainless steel appliances. Flex space, also located on the first level, boasts a kitchen, full bath and separate entrance offering you the ability to transform it into a private suite, a home office, a home gym or additional living space. Upstairs you ll find a large bonus area with two guest rooms and the en suite master. Your master bath welcomes you with heated tile floors, double vanity and a spa shower. With a new roof, updated plumbing and electric and flood insurance NOT required, this move in ready, meticulously maintained home will not last! The manager has listed the unit size as 1728 square feet.
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| May 3, 2020 | Price Decreased |
$685,000
↓ $50K
(6.8%) | |
| Price Decreased | |||
| Jan 2, 2020 | No longer available | - | |
| No longer available | |||
| Jun 8, 2019 | Price Decreased |
$734,900
↓ $14K
(1.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017