2404 Springhill Avenue #112
About This Property
the park-like setting of Cannongate with its large grassy open park, lovely pond, and pool. This property
feels very much like you are stepping into a classically French Parisian apartment. It has tons of updates with
marble flooring, beautiful panel molding, a marble staircase, pretty metal railings, tall ceilings, a marble primary bath, tons of closet
space, an elevator, and a new HVAC system on the first floor. This unit needs some renovations but will allow you to
put your personal touch on it. It is being sold as part of an estate and is being sold as is where is with no
warranties expressed or implied. The sale of this property is subject to court approval. The listing company makes no representation as to the accuracy of square footage; buyer to verify.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 9, 2023 | No longer available | - | |
| No longer available | |||
| Apr 25, 2023 | Price Decreased |
$424,750
↓ $24K
(5.4%) | |
| Price Decreased | |||
| Jan 3, 2023 | Listed | $449,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/23/2024
|
3 Bed
|
3.5 Bath
|
-
|
$585,750
3 Bed
3.5 Bath
|
-
-
|
Robbie Lynn Irvine
L L B & B, INC.
| |
|
06/02/2023
|
4 Bed
|
3.5 Bath
|
-
|
$585,000
4 Bed
3.5 Bath
|
-
-
|
Melissa Morrissette
L L B & B, INC.
| |
|
01/03/2023
|
4 Bed
|
4 Bath
|
-
|
$449,000
4 Bed
4 Bath
|
-
-
|
Melissa Morrissette
L L B & B, INC.
| |
|
10/24/2022
|
4 Bed
|
3.5 Bath
|
-
|
$539,000
4 Bed
3.5 Bath
|
-
-
|
Ellie Edwards
L L B & B, INC.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017