240 State Ave
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 |
|---|---|---|---|
| Jan 7, 2025 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Nov 21, 2024 | Listed by RE/MAX Connections | $196,000 | |
| Listed by RE/MAX Connections | |||
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This charming and affordable 3-bedroom Old Style Cape Cod home presents a fantastic opportunity for customization. The first floor features exquisite woodworking and wood floors throughout. Pocket doors in the living room open to the family room/den, while the dining room boasts an original built-in hutch adjacent to the spacious eat-in kitchen with classic cabinetry that could shine with some refurbishment. A mudroom provides access to the backyard. Upstairs, three sizable bedrooms offer plenty of walk-in closet space, alongside a full bathroom with a claw-foot tub. The property also includes an enclosed front porch, a detached one-car garage, and a storage shed. City water and sewer.
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| Jun 26, 1996 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017