1852 Cherry Avenue
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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%.
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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 29, 2018 | Sold | ||
| Sold | |||
| Sep 18, 2018 | No longer available | - | |
| No longer available | |||
| May 15, 2018 | Listed | $2,050,000 | |
| Listed | |||
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Premier corner lot in the heart of prestigious Willow Glen. The circular drive and carriage entrance are just the beginning. The grand entrance way leads to a comfortable living room with recessed lighting, dual pane windows, and cozy fireplace. A dining area large enough to seat the entire family and more also has a fireplace. The bonus room off the kitchen adds to this already spacious home. All GE Profile appliances, travertine tile floors, Emperador Dark Marble counters, tile backsplash, and tons of custom cabinetry make time in the kitchen a joy. Three roomy bedrooms plus a master suite with portable fireplace and His and Hers closets, sinks, and toilets. A spacious laundry room with more storage will help keep clutter out of sight. The backyard has multiple water features and plenty of space if you manage to run out of room inside for all your guests. Open house Sunday. The manager has listed the unit size as 2760 square feet.
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| May 1, 2018 | Listed by Sereno | $2,050,000 | |
| Listed by Sereno | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017