22 NELMAR Avenue
About This Property
Though this is not a typical modern floorpan - there is no ensuite bath for a master - the plan works well. The larger front bedroom has two walk-in closets with pocket doors, and there is a full bath just outside the door. Across the hall is the second bedroom, also with a nice-sized walk-in closet & a connecting bath, which is also accessed from the den. From the living/dining room, proceed straight through to the rear hall, off which open the den, a sizable pantry, and, around the corner, the efficient kitchen which is enhanced with a breakfast area & two windows. There is a glass-topped door to the Magnolia side of the house from the kitchen. The den also has a door to the backyard. Beyond the kitchen is the rear hall; off this is the utility room with cabinets, counter space, washer & dryer. At the very end of the house is the third bedroom with a sink/vanity, closet & a compact shower bath with toilet. From either the den or utility room it's just a short walk to the detached garage constructed of a cut-out block design. Inside there is a lockable storage closet. Vehicles access the garage via the alley to the motor court.
HVAC system was replaced 2013 with a preventative maintenance program in place. The roof of the garage was replaced in 2012; water lines were replaced in 2010. There have been partial electrical upgrades over the years. Shared well providing water for the automatic sprinkler system with a new controller. Tree trimming was done post-Irma.
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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%.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2019 | Sold | ||
| Sold | |||
| Apr 11, 2019 | Listed by ST AUGUSTINE REALTY | $379,000 | |
| Listed by ST AUGUSTINE REALTY | |||
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This 3 BR, 3 BA 1940's home retains its great charm: original wood floors, den with pine paneling, lots of tall windows & high ceilings! High 10.10' flood elevation; no flooding during storms Matthew or Irma! Great closet space for a vintage home! Detached 2 car garage, plus room for more in drive! Sprinklers with well! The canopied street for this historic neighborhood ends at a petite marsh front park - great to stroll to! Enjoy this close-in location with a majestic oak for cooling shade!
Though this is not a typical modern floorpan - there is no ensuite bath for a master - the plan works well. The larger front bedroom has two walk-in closets with pocket doors, and there is a full bath just outside the door. Across the hall is the second bedroom, also with a nice-sized walk-in closet & a connecting bath, which is also accessed from the den. From the living/dining room, proceed straight through to the rear hall, off which open the den, a sizable pantry, and, around the corner, the efficient kitchen which is enhanced with a breakfast area & two windows. There is a glass-topped door to the Magnolia side of the house from the kitchen, and the den also has a door to the backyard. Beyond the kitchen is the rear hall; off this is the utility room with cabinets, counter space, washer & dryer. At the very end of the house is the third bedroom with a sink/vanity, closet & a compact shower bath with water closet. From either the den or utility room it's just a short walk to the detached garage constructed of a cut-out block design. Inside there is a lockable storage closet. Vehicles access the garage via the alley to the motor court.
HVAC system replaced 2013 with a preventative maintenance program in place. Garage roof replaced 2012; water lines replaced 2010. There have been partial electrical upgrades over the years. Shared well providing water for the sprinkler system with new controller. Tree trimming was done post-Irma. NOTE: roof on house is over 20 years old. Most insurance carriers will require roof replacement. Sellers obtained bid for roof 1/19; cost $12,240.
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| Aug 21, 2018 | Listed by ST AUGUSTINE REALTY | $398,000 | |
| Listed by ST AUGUSTINE REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017