188 Melbourne Drive
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 |
|---|---|---|---|
| May 28, 2020 | Sold | ||
| Sold | |||
| May 24, 2020 | No longer available | - | |
| No longer available | |||
| May 22, 2020 | Listed by HBS Real Estate | $329,900 | |
| Listed by HBS Real Estate | |||
| Mar 8, 2020 | Listed | $329,900 | |
| Listed | |||
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This 3 bedroom 2 bath with a study off the entry is beautiful inside and out!! Gorgeous site finished handscraped hardwood floors, granite countertops, and a large kitchen perfect for entertaining or family gatherings looking into a nice living area with a woodburning fireplace.The kitchen features granite countertops, built in oven with microwave above, electric cooktop with built in vent a hood, and dishwasher and trash drawer in the large island. Good size back yard with retaining wall with fence for added privacy. The manager has listed the unit size as 2247 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017