240 First Street
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 |
|---|---|---|---|
| Apr 5, 2011 | Sold | ||
| Sold | |||
| Jan 25, 2011 | Sold | ||
| Sold | |||
| Aug 7, 2009 | Listed by Dick Lepine Real Estate, Inc. | $8,500 | |
| Listed by Dick Lepine Real Estate, Inc. | |||
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PROPERTY BEING SOLD "AS IS". BUYER RESPONSIBLE FOR ALL PERMITS AND/OR APPROVALS. DEED REFERENCED IS A PORTION OF THE PREMISES.
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