1849 Farndon Avenue
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 |
|---|---|---|---|
| Aug 29, 2024 | Sold | ||
| Sold | |||
| Aug 11, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Listed by Compass | $4,880,000 | |
| Listed by Compass | |||
| Oct 30, 2020 | Sold | ||
| Sold | |||
| Oct 19, 2020 | Listed by Christie's International Real Estate Sereno | $3,698,000 | |
| Listed by Christie's International Real Estate Sereno | |||
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What I love about this 2013 built home, with 5 bedrooms, is the Rustic Modern aesthetic by builder and designer, Rick & Jeanette Loretz - known for quality craftsmanship. The open concept floor plan includes a kitchen that opens to the family room to form the great room. Exquisite yet familiar finishes such as leathered granite, solid hardwood floors, and tall ceilings make this home timeless because quality never goes out of style. The family room combines with the shaded back patio to create an ideal indoor-outdoor living-entertaining space. An outdoor kitchen with built in grill, sink, and refrigerator completes the alfresco experience. Vibrant Grant Park, known for playgrounds, sports fields, free summer concerts, and senior center, is just 2.5 blocks away. Friendly neighbors, well-balanced schools, and fun gatherings await! Silicon Valley and the Bay Area are within easy reach. Nearby schools include Montclaire ES, Cupertino MS, Homestead HS, St Simon, St Francis, and Pinewood.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017