2042 W Porter Avenue
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 |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| May 12, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Listed by OC Homes Realty | $899,000 | |
| Listed by OC Homes Realty | |||
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Jan 27, 2025 | Listed by Real Broker | $725,000 | |
| Listed by Real Broker | |||
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This 3-bedroom, 1.75-bath, 1,224 sq. ft. home is in a prime location but requires significant renovations and cleanup. The seller has not lived in the property for two years. Needs extensive work, Several windows are broken or outdated, distressed hardwood flooring throughout the house. Carpet needs to me removed, since it is not in good condition. Bedroom has access to the 3/4 bath, the subfloor has a hole, the fixtures in the shower are broken. Some dark areas on the shower walls. The toilets are dirty and not in working condition. Inside washer and Dryer hookups, the kitchen needs a complete remodel, the faucet fixtures is broken. This house is on a raised foundation, older heating unit installed (gas is disconnected). might not be in working condition. This is a house for someone that wants to take on a project and is able to make it a beautiful home.The front and backyard need landscaping and cleanup. The de-trashing process is still ongoing, and the home is not yet available for showings. More to come! This is a fantastic opportunity for an investor or buyer ready to take on a renovation project and bring this home back to life! Thank you.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017