231 ARGYLE Road
About This Property
Ditmas Park is one of the rare neighborhoods in New York City that offers a suburban lifestyle while still being close to Manhattan along the Q/line and the Prospect Expressway and Battery Tunnel. Lined with soaring old trees, this block on Argyle Road is one of the longest in Brooklyn. The proximity to Prospect Park and the Parade Grounds is perfect for nature and activity seekers. Several award-winning restaurants are found nearby on Cortelyou Road, along with a public library, organic food markets, wine stores, book and gift stores and the Sunday Farmers Market.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017