247 Cliff Avenue
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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 |
|---|---|---|---|
| Jul 28, 2022 | Listed by Compass Greater NY, LLC | $1,350,000 | |
| Listed by Compass Greater NY, LLC | |||
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A romantic drawbridge leads you into one of the most picturesque and unique homes in Pelham Heights. Perched high on one of the most coveted streets, it features dramatic rooms with extraordinary details, gorgeous leaded windows and lots of charm. A foyer leads to an oversized LR/fpl and multiple sitting areas and to a solarium that is flooded with natural light. An eat in kitchen leads to a very generous DR with a terrace overlooking the magnificent grounds. There is a primary BR/en suite bath, 3 additional BRs and a hall bath on the second floor and a full staircase to a storage attic. A lower ground level includes the "billiard room" (in the original blueprints) which now serves as an amazing family room, 2 more BRs, perfect for an au pair, guests or offices and a full bathroom with a shower. Utilities and storage are located on a lower level. There is a massive hidden walled courtyard under the drawbridge which is totally private and is perfect for entertaining family and friends.
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| Jul 14, 2022 | Listed by Compass Greater NY, LLC | $1,350,000 | |
| Listed by Compass Greater NY, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017