23 Morton Street
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 |
|---|---|---|---|
| Jan 19, 2024 | Sold | ||
| Sold | |||
| Oct 31, 2023 | In contract | - | |
| In contract | |||
| Sep 26, 2023 | Listed by Southbrook Realty Group, Inc | $709,900 | |
| Listed by Southbrook Realty Group, Inc | |||
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New Construction in Brand New Subdivision, Morton Estates-Colonial w/Attached 2 Car Garage-1,768 sq ft; 3 Bedrooms; 2.5 Bathrooms; First Floor Laundry Room w/Washer & Dryer Hookups; Kitchen w/Upgraded Cabinets & Stainless Steel Appliances; Working Island w/Granite Overhang for Seating; Table Area w/Slider Leading to 12x12 Vinyl Deck; Granite Countertops in Kitchen; Quartz Countertops in Bathrooms; Office w/French Doors & Closet; Crown Molding in the Living Room & Office; Hardwood throughout the First Floor & Upstairs Hallway; Oak Staircase Leading to the Second Floor; Primary Suite w/Two Walk-In Closets, Full Primary Bath w/Double Sink Vanity; Tile in all Three Bathrooms & Laundry Room; Kohler Plumbing Fixtures; Central Air Conditioning; Full Basement; 4 Bedroom Septic System; Decorative Lighting; Granite Front Steps at Entry; Professionally Landscaped; Irrigation System for the Yard; Town Water, Septic & Propane Gas. Still Time to Make Selections-Ready to Close by the End of January.
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Address: 335 Madison Avenue, New York, NY 10017