22 ORCHARD AVENUE
About This Property
A partial basement on the home's existing foundation sits beneath the front half of the house - approximately 830 sq ft of full-height space housing all-new mechanicals, with room for storage or future finishing. The rear half of the home is served by a crawl space with proper access and ventilation. Close to major highways & train stations for commuters, parks & recreation, schools, shopping, various colleges and universities. Professional Images are to be uploaded this weekend!
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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 15, 2026 | Listed by Home Journey Realty | $875,000 | |
| Listed by Home Journey Realty | |||
| Jul 31, 2024 | Sold | ||
| Sold | |||
| May 31, 2024 | In contract | - | |
| In contract | |||
| Apr 1, 2024 | Listed by Home Journey Realty | $349,000 | |
| Listed by Home Journey Realty | |||
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Ranch Style Property -(3) Bedroom, (1) Bathroom, partially finished Basement w/Laundry, detached Garage with a Spacious Backyard. Close proximity to: NJ Turnpike, Major local Roadways, TCNJ, RIDER, Parks & Recreation, Transportation, Shopping and much more. This is an "AS-IS" property.
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About Mercer
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017