24 Luzerne Road
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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%.
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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 23, 2024 | Sold | ||
| Sold | |||
| Jul 4, 2024 | In contract | - | |
| In contract | |||
| Jun 24, 2024 | Listed by Keller Williams Realty WNY | $229,900 | |
| Listed by Keller Williams Realty WNY | |||
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Welcome to 24 Luzerne, a brick ranch in the Sweet Home School District! This home features a fully fenced yard and is located around the corner from Ellicott Creek Park and Ellicott Island Bark Park (off leash dog park). Inside, you'll find a large living room with beautiful hardwood floors and a wood-burning fireplace. The spacious kitchen offers plenty of counter space with a dining area as well. Replacement windows throughout ensure energy efficiency and natural light. The property also includes a huge basement that has a versatile rec room for extra living space and still plenty of other storage. Outside you'll find a fully fenced in yard and a deck, and a massive 2.5-car garage. This is the perfect home of a first time buyer or someone looking to downsize. Showings begin at the open house Wednesday June 26th at 5pm. Negotiations will begin at 3pm Monday July 1st.
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| Apr 15, 2014 | Sold | ||
| Sold | |||
| Oct 26, 2013 | Listed by Hunt Real Estate ERA | $120,000 | |
| Listed by Hunt Real Estate ERA | |||
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Data Source: NYSAMLSs, MLS# B441126
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017