244 Malone Street
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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 5, 2020 | Sold | ||
| Sold | |||
| Jan 3, 2020 | Listed by BHGRE Gary Greene | $775,000 | |
| Listed by BHGRE Gary Greene | |||
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This single family home, with thoughtful adjustments, has been converted into a thriving law office. The space is suitable for architectural, legal, insurance, engineering or other small businesses. Designed by Architect William Hoff, the property has the elegance of a San Antonio Hill Country ranch home in the heart of Rice Military. The home has nice touches with Texas Cedar columns, large custom sliding barn doors, Texas limestone faux fireplace an arched Palladian windows. Minor structural changes could be made to return this property into a residence!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017