166 Spring 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 |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | Listed by William Raveis R.E. & Home Services | $899,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Builders, Contractors, Investors and Developers take notice of this Lexington opportunity. The lot is 49,602 SF, and the property has two structures. The house, built in 1961, is over 3,400 SF (4 bedrooms and 3.5 baths) and has a two-story brick barn. This might yield an extensive renovation or tear-down using the current footprint or taking advantage of re-positioning the house on this large lot. The barn is in good condition and has endless opportunities for the next property owner. The property is in “as-is” condition. The house is occupied - please do not walk the property.
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| Feb 1, 1977 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017