246 Plain 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 |
|---|---|---|---|
| Jun 18, 2024 | Sold | ||
| Sold | |||
| May 2, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| May 2, 2024 | Listed by RE/MAX Synergy | $399,900 | |
| Listed by RE/MAX Synergy | |||
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**Offer deadline 3:00PM 5/6/24**attn contractors, builders flippers and anyone with a little vision! Step into this cozy home sitting on a big 1.87-acre plot. It's a bit worn in places, but has loads of potential for someone willing to roll up their sleeves. The location is top-notch, close to both a train station and a bus stop, making it super easy to get around. Plus, there's room to possibly add another home on the land with the property permitting. Sure, it needs some work, but it's got good bones with newer windows and a solid roof. It might not pass certain inspections, but for someone with vision, it's a golden opportunity to create something amazing. In a nutshell, this place is more than just a house—it's a chance to bring your dreams to life. Whether you're a handy person looking for a project or an investor with an eye for potential, this property is calling your name.
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| Dec 8, 2000 | Sold | ||
| Sold | |||
| May 9, 2000 | Listed by RE/MAX Synergy | $59,900 | |
| Listed by RE/MAX Synergy | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017