205 Summer 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 |
|---|---|---|---|
| Apr 19, 2022 | Sold | ||
| Sold | |||
| Mar 9, 2022 | Listed by William Raveis R.E. & Home Services | $1,099,000 | |
| Listed by William Raveis R.E. & Home Services | |||
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Revered as one of Reading's favorite streets, perfectly set in the highly coveted West side historic district, welcome home to 205 Summer Ave. Step inside to find over 4000 sqft of flexible living space spanned across 4 levels w//11 rooms, 5/6 beds, 4.5 baths, 3 separate family rms, & 3 WFH options. Loved by the same family for nearly 60 years, now it's time for a new owner to take the reigns & "make her their own." Main level features impressive great room with cathedral ceiling & adjoining loft area offering an abundance of natural light. 1st floor bed w/renovated en-suite can also be used a private home office. Additional features include HWF throughout, wood burning fireplace, central air, large mudroom, irrigation, plus beautiful 1/2 acre fenced in yard with tasteful landscaping & patio. Take note of new heating system, irrigation, newer S/S appliances, and replacement windows. With a location like this one, you too can create your forever home. It's all here! Welcome to Reading.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017