229 Read St
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 |
|---|---|---|---|
| May 10, 2013 | Sold | ||
| Sold | |||
| Nov 12, 2012 | Listed by RE/MAX Real Estate Center | $412,000 | |
| Listed by RE/MAX Real Estate Center | |||
| Sep 18, 2009 | Sold | ||
| Sold | |||
| Feb 2, 2009 | Listed by RE/MAX Real Estate Center | $139,900 | |
| Listed by RE/MAX Real Estate Center | |||
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WOW...FANTASTIC OPPORTUNITY! Foundation is already in...New 40x28 foundation with walkout basement and attached 24x24 garage on 1.47 acre lot! Four bedroom septic design and perk test are in hand. Need blue prints, we have those too! Start planning…this lot is ready for you to start building!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017