1729 Airline Drive
About This Property
Upgrades per sellers:
2022 - painted exterior/interior/porches, installed back paved area, installed new chandelier, updated landscaping, replaced windows as needed;
2021 - replaced tankless water heater, installed Roman Shades in primary bedroom & guest quarters (2020);
2017 - enlarged closets, installed Elfa Closet Systems
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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 |
|---|---|---|---|
| May 25, 2022 | Sold | ||
| Sold | |||
| Apr 8, 2022 | Listed by Real Broker, LLC | $399,900 | |
| Listed by Real Broker, LLC | |||
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Charming Heights bungalow with gorgeous, original wood floors and accents, old-fashioned fireplace and original tiles. Covered front and back porches overlook a beautiful, fenced garden oasis, porch swing, and a bonus separate building/guest quarters! Prime location down a secluded alleyway, zoned to A-rated Field Elementary, and near top-rated resaurants, parks, and farmer's markets (Pinkerton's BBQ, Dolce Neve Gelato, Street Food Thai Market, Hughie's, El Bolillo Bakery, Field & Tides, A 2nd Cup, and more!).
Upgrades per sellers:
2022 - painted exterior/interior/porches, installed back paved area, installed new chandelier, updated landscaping, replaced windows as needed;
2021 - replaced tankless water heater, installed Roman Shades in primary bedroom & guest quarters (2020);
2017 - enlarged closets, installed Elfa Closet Systems
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Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017