2 Terrace Lane
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%.
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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 14, 2023 | Sold | ||
| Sold | |||
| May 20, 2022 | No longer available | - | |
| No longer available | |||
| Apr 12, 2022 | In contract | - | |
| In contract | |||
| Apr 8, 2022 | Listed by Arris Realty | $495,000 | |
| Listed by Arris Realty | |||
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Welcome home! This spacious cape is located on a cul-de-sac in beautiful Amherst and is within walking distance of Amherst Middle and High School! As you enter, you will be greeted with a large sunroom that is equipped with radiant flooring, gas fireplace and beautiful French doors that open to a sunny and spacious backyard with a playset & firepit. The kitchen is well-appointed with granite counter tops and newer stainless-steel appliances. There is a large front-to-back living room with a gorgeous fireplace. Above the attached 2-car garage is a large bonus room, equipped with a gas fireplace, perfect for a family or recreation room. Lastly, on the first floor you will find the dining room and a 1/2 bath with laundry. On the second floor, you will find a large primary bedroom, two additional bedrooms, and a full bath. The house has been recently updated with new furnace and hot water tank! Come and see for yourself… this one won’t last! Subject to seller finding suitable housing, sellers have a home of interest. Agent is related to seller. Delayed showings until OPEN HOUSE Sunday 4/10 12pm - 3pm. The manager has listed the unit size as 2244 square feet.
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| Jun 1, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017