Lot 2 Armen Way
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 |
|---|---|---|---|
| Dec 14, 2011 | Sold | ||
| Sold | |||
| Mar 21, 2011 | Listed by Compass | $1,199,000 | |
| Listed by Compass | |||
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Starting at $1,199,000 - Custom build your new home on Needham’s newest street. Use this local builder and architect to design and build a home with all your desires. Natural gas, underground electrical service, as well as town water and sewer make this dead end street truly desirable. This 3 lot subdivision is located less than a half a mile from Needham Center. Please do not walk lot. See attachments for plot plans.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017