Lot 2 Spring St
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 |
|---|---|---|---|
| Nov 30, 2011 | Sold | ||
| Sold | |||
| May 23, 2011 | Listed by Molisse Realty Group | $195,000 | |
| Listed by Molisse Realty Group | |||
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Great location on treasured Spring Street. Almost 3 acres with stone walls. House to be set well back from the street. Front entry of driveway will pass over a portion of Lot 1 through an allocated easement. There is no separate assessment by the town yet for tax purposes. This is part of a 2 lot division of 229 Spring Street, approved by Town Planning and Conservation departments.
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Address: 335 Madison Avenue, New York, NY 10017