1904 Commonwealth Street
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 |
|---|---|---|---|
| Sep 27, 2021 | Sold | ||
| Sold | |||
| Dec 13, 2020 | Listed by BHGRE Gary Greene | $7,000,000 | |
| Listed by BHGRE Gary Greene | |||
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Fantastic redevelopment opportunity in the coveted Hyde Park area of Montrose. 1.13 acres situated on a city block and located in the heart of Montrose. The property is minutes from downtown Houston, Upper Kirby, River Oaks, The Museum District and the Heights. Ideal for multi-family, mixed use commercial or residential development. Lots include 1904/1908 Commonwealth, 1514 Welch & 0 Vermont.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017