215 CENTRAL AVE
About This Property
TO BE BUILT- DELIVER LATE 2024-EARLY 2025
Location, Quality and Value, Welcome to the Kensington Model. This has been one of our most popular models. With an open floorplan and a first floor Owner's Suite this one is an entertainer's dream. Upstairs is a second Owner's Suite with 2 other bedrooms. The basement will be finished with a 5th bedroom and full bathroom. All of this on a rare 1.2 acre lot. Delivery late 2024/Early 2025. You can't find this in Montgomery County anymore for this price.
All photos are representative of options that are available, some at extra cost
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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 |
|---|---|---|---|
| Oct 31, 2024 | Sold | ||
| Sold | |||
| Oct 14, 2024 | Price Increased |
$1,050,000
↑ $51K
(5.1%) | |
| Price Increased | |||
| Apr 6, 2024 | In contract | - | |
| In contract | |||
| Mar 29, 2024 | Listed by Coldwell Banker Realty | $999,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
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About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017