18812 Lemay Street
About This Property
The house includes a dedicated laundry area for convenience and a remodeled bathrooms for added luxury.
The fourth bedroom stands out as a Legal garage conversion, now a fully functional unit with its own entrance, kitchenette, and full bathroom. This space is comparable in size to an average garage conversion ADU, offering versatility for guests, extended family, or rental income.
Outdoor living is a delight with a backyard featuring low-maintenance artificial grass, making it a perfect spot for relaxation and play. The huge front yard enhances the property's curb appeal and provides ample space for outdoor activities. Carport for shaded convenient parking and easy street parking for guests.
This home combines comfort, style, and functionality, making it an excellent choice for families or anyone looking for a versatile living space in a friendly neighborhood.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 25, 2024 | Sold | ||
| Sold | |||
| Nov 4, 2024 | In contract | - | |
| In contract | |||
| Oct 23, 2024 | Price Decreased |
$850,000
↓ $49K
(5.4%) | |
| Price Decreased | |||
| Oct 18, 2024 | Price Decreased |
$898,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $899,000 | |
| Relisted | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017