240 Spring St
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 |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Sep 24, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | Listed by HomeSmart First Class Realty | $449,900 | |
| Listed by HomeSmart First Class Realty | |||
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INTERIOR PHOTOS COMING SOON!! What an opportunity! 2 Lots being sold together. Front lot contains cute cape with current IN LAW apartment on second floor and garage with doors on both ends. Plenty of storage. Back lot is one acre with a large two car garage complete with heat, electricity and a AUTO LIFT. Perfect for a car enthusiast! A nice shed as well. The Cape consists of a fireplaced den, living room, kitchen, first floor bedroom with plenty of closet space and a full bath. Nice deck off the kitchen overlooking at the back yard and back lot. Second floor consists of the current IN LAW with 2 bedrooms, living room, full bath and kitchen. Deck off kitchen overlooking backyard. Septic system buyers responsibility. Do not miss out on this opportunity! Think of the possibilities!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017