216 Butman 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 |
|---|---|---|---|
| May 22, 2024 | Sold | ||
| Sold | |||
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 18, 2024 | Listed by The Agency | $699,000 | |
| Listed by The Agency | |||
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Welcome to the Gingerbread House, where classic charm meets modern convenience! Meticulously maintained home exudes old-world appeal while boasting tasteful updates. Renovated 2022. Nestled on a generous corner lot in the highly coveted Belvidere neighborhood w. amazing views. Featuring 3 spacious bedrooms and updated full and half bathrooms, this home ensures both comfort and practicality. Say goodbye to hauling laundry up and down stairs, as the convenience of a laundry area on the same level as the bedrooms awaits you. Entertain with ease in the expansive living room, perfect for hosting gatherings or enjoying quiet evenings curled up on the couch. Recent upgrades incl: roof, furnace, tankless water heater, and Central A/C, provide peace of mind and modern efficiency. Bask in natural light in the sun-drenched den, a versatile space ideal for an office, playroom, or home gym. The potential for an in-law suite in the lower level opens up even more possibilities. Ask about plans.
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| Feb 24, 2022 | Sold | ||
| Sold | |||
| Jan 20, 2022 | Listed by The Agency | $535,000 | |
| Listed by The Agency | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017