228 Florence Rd
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 |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| May 6, 2025 | In contract | - | |
| In contract | |||
| May 2, 2025 | Listed | $329,000 | |
| Listed | |||
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Charming contemporary bungalow on 0.46 acre lot set far back from Florence Road with MUCH POTENTIAL. First floor has an open floor plan, soaring ceilings, picture windows + a pellet stove for back up heating. Main bedroom is off of the kitchen, with a private deck. The laundry is situated in the large, first floor bath. A slider off of the kitchen leads to the side deck. There is a spiral staircase to the a second floor bedroom, which includes a large closet. Large, 2 car garage presents opportunity to expand the living area - or to be used as a studio, workshop, additional storage, etc. Owners have replaced roof, windows, added mini-splits for HVAC, pellet stove, solar panels, a slider + front door, added a vapor barrier and rigid foam insulation in crawl space. MA Saves added extensive insulation. Property has mature fruit trees and perennial beds. Chicken coop and shed on property. Private, peaceful haven close to everything!
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| Oct 23, 2015 | Sold | ||
| Sold | |||
| Jul 21, 2015 | Listed by Coldwell Banker Upton-Massamont REALTORS® | $217,900 | |
| Listed by Coldwell Banker Upton-Massamont REALTORS® | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017