2 South Ave
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 |
|---|---|---|---|
| Jul 22, 2008 | Sold | ||
| Sold | |||
| Jan 11, 2008 | Listed by Compass | $417,000 | |
| Listed by Compass | |||
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Amazing Value! Ready for immediate occupancy! Sparkling totally renovated inside and out, walk to sought after Gunrock Beach, attractive seaside home, high ceilings, gorgeous new kitchen with granite, sliders to wrap around veranda, waterviews, refinished original mellow hardwoods, fireplace living room with coffered ceilings, light, bright, and open. Wonderful lot for the gardener. Don't miss this wonderful opportunity!
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| Feb 2, 2007 | Sold | ||
| Sold | |||
| Sep 15, 2006 | Listed | $499,000 | |
| Listed | |||
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Great opportunity to purchase this ranch on 25,219 sq.ft. lot which has frontage on both South Ave. and Richards Road, making it potential to spin off a separate buildable lot, according to Building Dept. Walk to Gunrock Beach from this most desirable location which offers winter waterviews. Loads of potential! You'll love this location.
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Address: 335 Madison Avenue, New York, NY 10017