214-20 45th Road
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 |
|---|---|---|---|
| Feb 26, 2025 | No longer available | - | |
| No longer available | |||
| Jan 2, 2025 | In contract | - | |
| In contract | |||
| Nov 20, 2024 | Listed by Keller Williams Rlty Landmark | $1,550,000 | |
| Listed by Keller Williams Rlty Landmark | |||
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Welcome to this BRAND NEW CONVERT two-family residence located at Heart of Bayside. This home has been meticulously upgraded from top to bottom, ensuring everything is in pristine condition and ready for you to move in. Enjoy the elegance of premium materials, including hardwood flooring inside bedrooms, and designer fixtures that elevate the aesthetic of each living space. Which offers an ideal blend of comfort and convenience, making it perfect for both investors and homeowners seeking additional rental income. The home features two units, each with its own entrance, providing privacy and independence for both families or tenants. Large NEW windows throughout the home flood with natural light, creating a warm and inviting atmosphere. BRAND NEW units boast kitchens with quartz countertops and stainless-steel appliances, stylish cabinetry, and ample counter space. The bathrooms are also modern and tastefully designed. Each unit is equipped with its own laundry setup, providing convenience and ease for daily living. House located Situated in a vibrant neighborhood, you'll have easy access to public transportation (LIRR or Buses), top Schools District #26, parks, and a variety of local shops and restaurants (Bell and Northern Blvd). Enjoy the convenience of one indoor parking space and one outdoor parking space. With two separate living units, this property offers excellent rental income potential, making it a smart investment opportunity. The Certificate of Occupancy (CO) is expected soon, allowing you to move in or start renting out without delay., Additional information: Appearance:BRAND NEW,Separate Hotwater Heater:Yes
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| Oct 30, 2023 | Sold | ||
| Sold | |||
| Jul 13, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017