24 Cherry Lane
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 27, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | In contract | - | |
| In contract | |||
| Aug 4, 2024 | Listed by Salt Marsh Realty Group | $529,900 | |
| Listed by Salt Marsh Realty Group | |||
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1st Offering! Ranch with walk-out lower level situated on a cul de sac. This 3 bedroom ranch features a living room with a fireplace & hardwood flooring, a large kitchen with a dining area, a family room with a woodstove & slider to the rear yard, 3 bedrooms with hardwood flooring and a full bath on the main living area. The lower level has 3 additional rooms which include a kitchen and laundry facilities which are great for an extended family or guests. Great highway access! Won't last!! Open house Tuesday 8/6th from 5:30 - 6:30.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017