22 Wells Avenue
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 |
|---|---|---|---|
| Oct 9, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Aug 12, 2024 | Price Decreased |
$147,000
↓ $78K
(34.7%) | |
| Price Decreased | |||
| Aug 1, 2024 | Listed by Lock and Key Realty Inc. | $225,000 | |
| Listed by Lock and Key Realty Inc. | |||
| | |||
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Investment opportunity! This property is centrally located with easy access to the highways. Personal items to remain and seller will not perform any repairs or turn on the heating system. It is strictly sold as is. This is a short sale attempt and is subject to lender approval. Property to be sold 'as-is', 'as-seen', 'where-is'. Seller and Broker make no warranties or representations regarding property conditions. Short sale subject to approval by Seller's mortgagee. Buyer is responsible for any/all inspections necessary to complete the sale. Seller will not improve the condition of the property in any way for any reason. Personal property may remain in the property following closing and will become the buyer's responsibility to dispose of. This property will not qualify for FHA, VA, or any type of conventional financing. Buyer and buyer's agent to perform own/all due diligence. Please do not walk the property without
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| Feb 23, 2006 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017