2 Old Summer 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 |
|---|---|---|---|
| Feb 28, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | In contract | - | |
| In contract | |||
| Feb 11, 2025 | Listed by RE/MAX Executive Realty | $450,000 | |
| Listed by RE/MAX Executive Realty | |||
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Attention all investors, contractors, and buyers looking for a project! This classic 4-bedroom, 2.5-bath Colonial sits on a spacious half-acre lot in a convenient location and is ready for your vision. With great bones and endless potential, this home is perfect for a full rehab or renovation to bring it back to life. Features include a traditional layout, ample living space, and a sizable yard—offering plenty of room for expansion or outdoor enjoyment. Whether you’re looking to flip, renovate, or customize your dream home, this is an opportunity you don’t want to miss. Sold as-is. Bring your ideas and make it shine!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017