Lot 2 Addison 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 23, 2014 | Sold | ||
| Sold | |||
| Jun 27, 2014 | Listed by Judy Levye Real Estate | $299,900 | |
| Listed by Judy Levye Real Estate | |||
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New construction in fantastic neighborhood near the golf course. Quiet side street. Home is almost finished. Great floor plan. Features include first floor laundry, custom kitchen with stainless steel appliances and granite counter tops. Great opportunity to own a new home in a quiet neighborhood. Inside pictures to come as soon as floors are finished.
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| Jan 30, 2014 | Sold | ||
| Sold | |||
| Sep 8, 2013 | Listed by Results Real Estate Specialists Inc. | $69,999 | |
| Listed by Results Real Estate Specialists Inc. | |||
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Buildable lot in great remote north end location near golf course. Quiet location with many dead end streets. Gas main about 70 feet away(Mellen St). Public water and sewer available at street. Lot currently used as garden, sits between #4 and #18 Addison St. Lot dimension is 50' front and 150' deep. Seller asking for builder/buyer to install wooden fence along #18 Addison St. Per Building Dept, side setback is 6 feet on each side. New construction is a rarity in this area and thus should sell quickly. Bring your builder along and or custom build your dream home.
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