246 Main 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 |
|---|---|---|---|
| Jan 24, 2025 | Sold | ||
| Sold | |||
| Jan 3, 2025 | In contract | - | |
| In contract | |||
| Dec 12, 2024 | Listed by Harborside Realty | $319,000 | |
| Listed by Harborside Realty | |||
| Jul 19, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | Listed by Westcott Properties | $275,000 | |
| Listed by Westcott Properties | |||
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Introducing 246 Main Street, a solid property offering an excellent opportunity for buyers looking to add personal touches or investors aiming for a rewarding project. This property features 1,140 square feet of interior living space that requires mostly cosmetic updates & repairs. **The home includes three bedrooms & one full bath, with a desirable floor plan. **Situated on a 5,756 square foot lot, this home features a sizable rear yard & a detached one-car garage. The interior is highlighted by hardwoods which run throughout. The layout includes a pantry kitchen that opens to a dining area & living room filled with natural light. Exterior features maintenance free siding; sited within close proximity to all amenities.**Ideal for both personal customization or as an investment property, this property is ready for rejuvenation.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017