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Map
2 Patten Avenue
About This Property
Welcome to this affordable fixer-upper, full of potential and nestled on a quiet, well-established street. Lovingly owned by the same family for nearly five decades, this 1929 home is ready for its next chapter. Whether you're an investor or a first-time buyer looking to build sweat equity, you'll appreciate the solid bones and character throughout.
Enjoy the convenience of easy access to shopping, dining, schools, and major services-all just minutes away. With a little vision and TLC, this could be the perfect place to call home.
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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 |
|---|---|---|---|
| Jun 6, 2025 | Sold | ||
| Sold | |||
| Apr 15, 2025 | In contract | - | |
| In contract | |||
| Apr 6, 2025 | Listed by Howard Hanna Capital Inc | $169,000 | |
| Listed by Howard Hanna Capital Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017