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231 Lorraine Avenue
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 |
|---|---|---|---|
| Aug 13, 2024 | Sold | ||
| Sold | |||
| Jun 22, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by Romeo Team Realty | $300,000 | |
| Listed by Romeo Team Realty | |||
| Oct 31, 2022 | Sold | ||
| Sold | |||
| Jul 5, 2022 | Listed by HS Capital Realty LLC | $49,900 | |
| Listed by HS Capital Realty LLC | |||
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Welcome home to 231 Lorraine Ave. This 750SqFt home is waiting for you to make it yours! This home is distressed but don't let that scare you! The city wants to team up with you to help bring this home new life. 203K Rehab loans or Conventional Rehab loans will help you buy this home and make it everything YOU want it to be. Your dream is a new home and this is your opportunity to take a diamond in the rough and really make it shine!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017