23 Iona Ave
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 |
|---|---|---|---|
| Nov 29, 2024 | Sold | ||
| Sold | |||
| Oct 17, 2024 | In contract | - | |
| In contract | |||
| Oct 11, 2024 | Listed by LAER Realty Partners | $499,900 | |
| Listed by LAER Realty Partners | |||
| | |||
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This charming raised ranch offers 3 bedrooms, 1 full bath, and a one-car garage underneath. Built in 1992, this home features central air conditioning and a vaulted ceiling in the family room, giving it an airy, open feel. Hardwood floors add warmth, and there's plenty of potential for expansion in the unfinished basement. Located within walking distance to Greenmont Ave School, this property is a fantastic starter home. With a motivated seller, quick closing is possible. Some TLC will make this home shine!
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| Dec 31, 1992 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017