201 BUTTONWOOD ST
About This Property
This home itself is two stories with large glass windows facing out to the water on both floors. The open downstairs floor plan has a kitchen, half bath, dining area and an open two-room living room that faces out to the water. Upstairs has three bedrooms and a full bath, with the master bedroom facing out to the water. You can hear the water ripples and see the moonlight reflection to lull you to sleep at night. You will live as if you're on vacation every day when you dock your boat out the front door, clip flowers from the garden or fish from your own back yard. Asking price $425,000.
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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 |
|---|---|---|---|
| Dec 15, 2023 | Sold | ||
| Sold | |||
| Nov 5, 2023 | In contract | - | |
| In contract | |||
| Jul 23, 2023 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Jun 26, 2023 | Price Decreased |
$450,000
↓ $45K
(9.1%) | |
| Price Decreased | |||
| May 27, 2023 | Relisted | $495,000 | |
| Relisted | |||
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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017