2404 Springhill Avenue #119
About This Property
dining room with wainscoting. Baldwin brass throughout. Antique mantle in the living Room with Black Marble
hearth and surround at the fireplace. Picture lights above the fireplace and bookcases in the living room.
Kitchen has a raised ceiling with a beautiful brass light fixture. Painted cabinets, hardwood floors, farmhouse
sink and an island with seating for two plus storage. Under counter lights plus plug in the pantry. Primary bath
has a California Closet plus two walk-in closets in the Primary bedroom. Primary bath also has new vanity,
Marble counters, separate toilet room, walk-in shower and heated floors. 2nd floor second room is used as a
study ensuite has a new vanity. Third floor Jack and Jill bath completely redone with double vanity. ceramic tile
shower, tile floor plus pocket door to the front room. The third floor has a very large bedroom on the back with
a walk-in closet and walk-in safe with steel door. Elevator car interior rebuilt. Recessed lights replaced and new
ones added. The fountain on the patio is controlled by an inside switch. The grounds are beautiful with stately
oaks. The retention pond holds water to add to the peaceful setting with a walking path around it. Hidden
behind lovely greenery is a pool and pool house. The property also goes deep behind the pool house where some
of the owners have created a garden. The unit has a generator.
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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 13, 2024 | No longer available | - | |
| No longer available | |||
| May 23, 2024 | Listed | $585,750 | |
| 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