2 Linda Lane
About This Property
This well-maintained home boasts an impressive nearly 2000 sq. ft. of living space and plenty of upgrades. Upstairs you will find 2 bedrooms, 1 full bathroom, an eat-in kitchen, and a living room with beautiful vaulted ceilings. Downstairs includes another 2 bedrooms, 1 full bathroom, laundry, another living room, and a kitchenette. This home has plenty of potential as it can easily be converted into a 2-family home or kept as-is and be used as a spacious single family or mother-daughter. Outside there are two paved parking spaces, a storage shed with a new roof, and a beautiful well-manicured lawn.
This home includes multiple sources of heat. There is oil baseboard, 2 pellet stoves (one upstairs and one downstairs), and 2 mini splits upstairs which provide electric heat and A/C! The owner recently had a new on-demand hot water system installed as well as a full-house generator which both run on propane. Never worry about your power going out again! This home also boasts a new roof less than one year old, a professionally installed hard-wired camera security system, and an alarm system providing peace of mind for the new owner.
Come check it out today - it won't last long! Additional Information: HeatingFuel:Oil Above Ground,
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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 |
|---|---|---|---|
| Dec 21, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2024 | In contract | - | |
| In contract | |||
| Aug 30, 2024 | Price Decreased |
$295,000
↓ $30K
(9.2%) | |
| Price Decreased | |||
| Jul 23, 2024 | Price Decreased |
$325,000
↓ $25K
(7.1%) | |
| Price Decreased | |||
| Jun 27, 2024 | Relisted | $350,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017