245 RAY Street
About This Property
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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%.
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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 |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Nov 15, 2023 | Listed by HOWARD HANNA RAND REALTY NW | $94,900 | |
| Listed by HOWARD HANNA RAND REALTY NW | |||
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Spacious 1996 Manufactured home located in the Forest Park Community with a low land lot rent of $680 per month which includes School and Property taxes, road maintenance, trash, water and sewer. 3 bedroom, 2 bath home with close to 1,400 square feet of living space! Home is situated on semi private lot with trees and deck with a handicap ramp and steps. The home features kitchen updates with an abundance of cabinets, counter top space, and two pantries and a coffee nook, side island with butcher block top and all appliances. Large living room and dining have an open concept feel which is great for entertaining. The primary bedroom has a large closet, and on suite full bathroom with a soaking tub. Two additional nice sized bedrooms are located on the other side of the home offering privacy along with a full guest bathroom. Features include vaulted ceilings, central air, updated water heater, 12x24 deck, 12x12 shed, laundry room area and washer/dryer, all appliances, ceiling fans, oversized driveway and so much more! All this and Plattekill Schools too! Convenient commuter location. 10 minutes to Newburgh 84/87 and 70 Miles to NYC. Near West Point, Stewart Airport, Beacon Bridge, Ferry, Metro North, 17, 84 and 87. Call now this one will not last.,FLOORING:Vinyl,Laminate,AboveGrade:1288,OTHERROOMS:Formal Dining Room,Laundry/Util. Room,Pantry,Other School:PLATTEKILL,ROOF:Asphalt Shingles,FOUNDATION:Slab,InteriorFeatures:Walk-In Closets,ASNFENCLDS:Management,Mobile Home Park Fees
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017