2016 Alston Avenue
About This Property
The primary bedroom features an ensuite bath, and the second bedroom is perfect for guests or a home office. At the back, a fully equipped 1-bed, 1-bath rental unit with a kitchenette, and washer dryer hookups, offers income potential or a welcoming space for visitors. Enjoy the perfect balance of historic elegance and modern living.
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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 |
|---|---|---|---|
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Oct 16, 2024 | Listed by Briggs Freeman Sotheby's Int'l | $499,000 | |
| Listed by Briggs Freeman Sotheby's Int'l | |||
| Jun 12, 2023 | Sold | ||
| Sold | |||
| May 12, 2023 | Listed by League Real Estate | $459,000 | |
| Listed by League Real Estate | |||
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So you think you want to live in award winning Fairmount? This is the best way to do it! The home was gutted to the studs in 2017: electrical, plumbing, HVAC, sheetrock, foundation redone, new water heater AND 2 full bathrooms and kitchen added. Most of the original floors were saved and refinished but, the kitchen and hall have new wood floors. The floorplan has great energy flow and abundant natural light the perfect backdrop any style of furnishings. And then there is a rentable back house that is ALSO fully remodeled in 2017! Currently rented for $1200 a month the tenant would love to stay but, is on a month to month lease now. The corner lot has a great front yard ready for a landscaper to make it a dream and there is a private fenced backyard for relaxing.
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About Fairmount
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Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20754328
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017