24 Cherry Lane Dr
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 |
|---|---|---|---|
| Sep 30, 2016 | Sold | ||
| Sold | |||
| Aug 9, 2016 | Listed by William Raveis R.E. & Home Services | $599,995 | |
| Listed by William Raveis R.E. & Home Services | |||
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Tremendous opportunity in a wonderful location! West side cul de sac close to Joshua Eaton School, town and transportation and just minutes from highways. This home has been beautifully and extensively renovated with today’s discerning buyer in mind. Completely reconfigured to provide a spacious and modern open floor plan, this home is perfect for entertaining and for every-day family life. large kitchen with lots of cabinet space, under-cabinet lighting, quartz counter top, SS appliances, pot filler, large center island, and central AC. Won't last at this price!
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| May 17, 2016 | Sold | ||
| Sold | |||
| Mar 30, 2016 | Listed by Leading Edge Real Estate | $449,900 | |
| Listed by Leading Edge Real Estate | |||
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SOMETIMES OPPORTUNITY ONLY KNOCKS ONCE - If your focus is on location, then you can't beat this area! Only a stone's throw from the Joshua Eaton school is this "Diamond in the Rough" home. The "sweat equity" you invest will certainly reward you in the end. There have been some updates i.e., 200 amp CB, double pane windows, roof and siding and french drain. Hardwood floors run through-out the home. Home is being sold in "AS IS" condition.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017