224 Bancroft 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%.
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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 19, 2023 | Sold | ||
| Sold | |||
| Nov 2, 2023 | No longer available | - | |
| No longer available | |||
| Oct 6, 2023 | Listed by Bean Group | $799,000 | |
| Listed by Bean Group | |||
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Welcome to 224 Bancroft Road! AT ONLY SEVEN YEARS YOUNG THIS HOME IS IRREPLACEABLE AT THIS PRICE. This beautiful, CUSTOM cape style home, complete with attached apartment for multigenerational living or income producing. Large open concept first floor, with a primary ensuite and a huge laundry room, allows for a first-floor living option. Massive living areas on each floor give ample space for comfort. A partially finished basement is perfect for home theater, bar room or game room. A lockable "safe" room and unfinished basement garage are ideal for storage or a workshop. Outside the property is adorned with fruit trees and a chicken coop fit for the king and queen of all chickens! Get ready to enjoy the outdoors on the expansive patio with electrified pergolas or relax in the hot tub looking over the land. Venture down to the bridge and cross over the stream to the start of a future pasture or space for many agricultural uses or recreational activities. While you are down there, look at the picturesque pond. The home is built on almost 13 acres and is teaming with wildlife. A beautiful country setting yet only minutes from local schools, shopping and is a great location for commuting. ADU is not counted in sq ft and is approx. 400sq. The manager has listed the unit size as 4283 square feet.
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| Sep 7, 2023 | No longer available | - | |
| No longer available | |||
| Sep 6, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017