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1808 Hering Avenue
About This Property
The recently updated kitchen includes stainless steel appliances, recessed lighting, and a new washer and dryer incorporated into the renovation. The full bathroom has also been updated. A finished basement with a half bathroom provides additional flexible space and a separate washer and dryer hookup. Parking is available for multiple vehicles in the attached garage and driveway.
Located just a few blocks away from P.S./M.S.108, which now extends until 8th grade...an excellent school! Nearby transportation includes the Bx21 and BxM10 express bus along Morris Park Avenue, with the BxM10 providing direct service to Midtown Manhattan. Additional area service includes the Bx8, Bx12, Bx12 Select Bus Service, and Bx31. Subway options include the 5 train at Morris Park and the 2 and 5 trains at Pelham Parkway. Convenient to Jacobi Medical Center, Montefiore Einstein, Calvary Hospital, area schools, shops, restaurants, and neighborhood favorites such as Patricia's of Morris Park.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017