171 Forest Avenue
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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%.
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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 |
|---|---|---|---|
| Oct 1, 2024 | Sold | ||
| Sold | |||
| Jun 15, 2024 | In contract | - | |
| In contract | |||
| Apr 2, 2024 | Listed by eXp Realty | $825,000 | |
| Listed by eXp Realty | |||
| | |||
|
Your search for a well-designed home has ended, located in Yonkers, NY, which is also known as the City of Seven Hills, located in Westchester Co., the largest Inner suburb that has seen endless Real Estate Growth and Development in the past few years. This Brick Colonial, with a slate roof, is built solid from the ground up, a fantastic investment for you and your family. This spacious 3 Bedroom, 2.1 Bath Home was lovingly updated by the owners. This property was gut renovated to the studs, removing the lead paint or asbestos. Fully wired with CAT6 network wire, upgraded 200 amp...replaced electric service and three separate zones of gas-fired heating/cooling two furnaces and condensers. Do you have or thinking of purchasing an electric car? This home has a 60amp 2phase sub panel wired underground to the garage, allowing for the installation of Electric Car charging equipment and additional wiring for a separate 60amp wire to the garage, enabling potential future generator installation. The property layout is exceptional as well; enter the main level, you will find the living room with In-ceiling speakers, fully outfitted with two-level lighting throughout, with multiple access lights in the living room and functional wood-burning fireplace, powder room, formal dining room with door out to the porch, walkthrough kitchen equipped with gas stove, refrigerator, dishwasher, and hook-up for laundry by the mudroom, door out to patio area for summer BBQs. 2nd level has a generous size primary bedroom with a full bathroom, two additional bedrooms, hall bath with a stackable washer and dryer; on the 3rd level, you will find a fully finished attic that could provide you with an office or playroom. The basement, designed in 2018, has an additional usable 600 sq. ft., that gives you more entertaining space with Den, Bedroom, Storage mechanicals, & Hookups for laundry if you desire. Enjoy the many amenities that Yonkers offers with the downtown restaurants with the gorgeous Hudson River in your view. Drive up to Ridge Hill Shopping Center with eateries and retail therapy; while you're at it, check out Cross County Mall and "Central Ave" as the locals like to refer to this area for more of the same. Tibbetts Brook Park, museums, and places of worship are close in proximity. This home is located in a diverse community that is most welcoming, just a mere 14 miles outside of Manhattan with accessibility on the Metro-North and the local Express Bus into NYC. A/O, continue to show until contracts are signed.
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| May 16, 2022 | No longer available | - | |
| No longer available | |||
| Apr 27, 2022 | Price Decreased |
$799,000
↓ $26K
(3.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017