17
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1703 Michael ST
About This Property
This is the perfect location for an exemplary, custom built home with plenty of room for outdoor amenities. A winding drive elevates you to the center of the property where a westerly view is available. The existing home was built in 1961 and is over 4600 square feet. The split-level, ranch design used quality construction and materials, but is a likely candidate for major changes. Whether it's privacy or entertaining space that is desired, this property can fill the bill. Surrounded by luxury homes on large lots, and with only three homes on this short, quiet street, the location doesn't get much better for a Central Austin estate. Recent survey available.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 9, 2024 | Price Decreased |
$4,495,000
↓ $255K
(5.4%) | |
| Price Decreased | |||
| Oct 22, 2024 | Price Decreased |
$4,750,000
↓ $250K
(5%) | |
| Price Decreased | |||
| Oct 8, 2024 | Price Decreased |
$5,000,000
↓ $500K
(9.1%) | |
| Price Decreased | |||
| Sep 26, 2024 | Price Decreased |
$5,500,000
↓ $500K
(8.3%) | |
| Price Decreased | |||
| Sep 6, 2024 | Price Decreased |
$6,000,000
↓ $250K
(4%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017