242 Forest 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 15, 2024 | Sold | ||
| Sold | |||
| Oct 23, 2024 | In contract | - | |
| In contract | |||
| Oct 1, 2024 | Relisted | $555,000 | |
| Relisted | |||
| Sep 24, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | Listed by FrielEstate | $949,000 | |
| Listed by FrielEstate | |||
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Classic Colonial with modern updates! The formal dining room flows into the updated kitchen, white cabinets, granite counters with breakfast bar. Front-to-back living room, wood-burning fireplace, side room is perfect for home office/play room, sliding door overlooking a new deck & fenced-in back yard. Half bath on the 1st floor is tucked away by the side-entry door. The 2nd floor features a primary bedroom with double closets, two additional bedrooms & renovated full bath. Walk-up attic has many possibilities for expansion, storage or craft/hang out area. Basement for storage is adjacent to the one car garage. Hardwood floors throughout, recess lighting added to some rooms, updates include: entry stairs & retaining wall, roof, gutters, main drain to the street & garage door. All appliances will be staying including refrigerator, washer & dryer. Mini splits for AC. This home is set back in from the street offering privacy & plenty of driveway parking! Near pub trans, school & parks!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017