21 Melrose Ave
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 29, 2014 | Sold | ||
| Sold | |||
| Feb 26, 2014 | Listed by Keller Williams Realty | $705,000 | |
| Listed by Keller Williams Realty | |||
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Enjoy this well maintained and recently updated Cape style home in a fantastic neighborhood. The location is ideal, with easy access to town, train, schools. All the " must haves' are here: natural gas heat and cooking, updated kitchen and baths, garage, good storage space in basement, in home office, an adaptable floor plan with 8 rooms, 4 bedroom and 2 baths. This home is in move condition. Don't miss the opportunity.The Open Houses are Saturday March 1st and Sunday March 2nd from 1 - 3 pm. All offers must be accompanied by a current Pre-Approval letter.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017