2124 Federal Blvd
About This Property
Check out the property two doors down at 2116 Federal Boulevard as a comparable. It sold in December 2020 for 565k and was not newly renovated.
The location between the growing Sloans lake area and the Highlands/Jefferson Park is prime. This property also has a great history as a cash-flowing rental. Scrape the existing garage for a two-car with ADU and the possibilities expand.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 8, 2023 | Sold | ||
| Sold | |||
| Mar 24, 2023 | Listed | $725,000 | |
| Listed | |||
| Mar 31, 2021 | Sold | ||
| Sold | |||
| Feb 26, 2021 | Listed by MB Liberty Associates LLC | $445,000 | |
| Listed by MB Liberty Associates LLC | |||
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This is a great opportunity for a fix and flip investor. Everything needs to be touched but a modern renovation will bring top dollar for this property.
Check out the property two doors down at 2116 Federal Boulevard as a comparable. It sold in December 2020 for 565k and was not newly renovated.
The location between the growing Sloans lake area and the Highlands/Jefferson Park is prime. This property also has a great history as a cash-flowing rental. Scrape the existing garage for a two-car with ADU and the possibilities expand.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017