240 Stephenson Avenue
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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 |
|---|---|---|---|
| Oct 21, 2022 | Sold | ||
| Sold | |||
| Aug 22, 2022 | Listed by Smires & Associates | $319,900 | |
| Listed by Smires & Associates | |||
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Welcome Home to this classic 3 BR Cape Style home which exudes warmth and coziness! All within walking distance to a quaint park! From the moment you arrive...you'll feel at home! Authentic wood floors and a comforting wood burning stove offering a warm feeling in the Living Room. 2 BR on Main/1st floor and 3rd BR is spaciously located on the 2nd floor. The Eat In kitchen features wood cabinetry, designer counter, SS appliances and a window overlooking the back yard. Full Basement offers a partially finished area, cabinets, work space, and laundry. Additional Features include a Newer Hot Water Heater (2022), Newer Roof (2010) Conveniently located to Train Station, Major Highways, Rutgers, and close to Schools. NJ Transit is minutes away and Bus Route is at end of street.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017