1903 MEMORY COURT
About This Property
The addition portion of this home has two separate entrances, a main level living area with wet bar and fridge, a full bath, an upper level bedroom with walk in cedar closet, and outdoor patio off the bedroom connecting to the office in the original part of the home. This large addition can be used as a home office, in-law or nanny suite, or it can be incorporated into the main portion of the home. Alternatively, it can provide income as a rental unit.
There is loads of storage space in both the main and addition parts of this home in addition to spacious outdoor sheds on the left of the home. Great 'work from home' spaces complete the picture!
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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 |
|---|---|---|---|
| Nov 18, 2022 | Sold | ||
| Sold | |||
| Sep 30, 2022 | Listed by Corcoran McEnearney | $899,000 | |
| Listed by Corcoran McEnearney | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017