2223 Morgan Street
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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 |
|---|---|---|---|
| Dec 18, 2023 | Sold | ||
| Sold | |||
| Oct 24, 2023 | Listed by Martha Turner Sotheby's International Realty | $425,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Classically designed townhome well-located in the heart of Old Montrose. Recent upgrades include HVAC, refinished floors, paint, countertops, carpet, and lighting. Two full bedrooms with en-suite bathrooms, large living room with loads of natural light, charming kitchen with large window, and a dedicated dining room. Plantation shutters throughout. First floor with flex space and powder room. Second floor with kitchen, dining, and living. Third floor is home to both bedrooms with walk in closets and laundry. Backyard with ample space for lounge seating and grilling.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017