2425 Pierce 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 |
|---|---|---|---|
| Apr 25, 2023 | Sold | ||
| Sold | |||
| Apr 20, 2022 | Listed by Madison & Company Properties | $575,000 | |
| Listed by Madison & Company Properties | |||
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DONT MISS THIS ONE! Welcome home to this beautifully remodeled 3 bed, 1 and a half bath home in Edgewater. This is the property that you have been waiting for! As you walk up, you will notice all new exterior paint, a new front door, and a newer roof and gutters. Entering the home you will love the hardwood floors, and new texture and paint throughout. As you walk into the kitchen you will fall in love with the design and all new stainless steel for you with timeless designs and quality materials. You will surely enjoy the huge backyard under the covered back patio! The home also has a brand new AC unit and furnace! Do not wait on this one! Ask your agent about the option to build a garage!
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| Feb 23, 2022 | Sold | ||
| Sold | |||
| Jan 29, 2022 | Listed by Madison & Company Properties | $482,000 | |
| Listed by Madison & Company Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017