249 W Palm
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 |
|---|---|---|---|
| Dec 30, 2021 | Sold | ||
| Sold | |||
| Dec 4, 2021 | Listed by Coldwell Banker West | $849,900 | |
| Listed by Coldwell Banker West | |||
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Beautifully renovated R-3 zoned property with 3Br/2Ba main home & 1Br/1Ba detached studio equipped with full kitchen and laundry. Level corner lot with plenty of on-site parking. (54'x20' parking area) Textured walls and bullnose corners through out, distressed laminate flooring, quartz counters, white shaker cabinets, laundry in both units, all freshly painted...Each property fenced off with its own yard. Recent analysis shows potential rent: Main home $2850./mo and 2nd unit $1550./mo Ideal for family with In-law or investor. Turn-key and ready to sell today!
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| Sep 28, 2021 | Sold | ||
| Sold | |||
| Aug 25, 2021 | Listed by Coldwell Banker West | $529,000 | |
| Listed by Coldwell Banker West | |||
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HANDYMAN SPECIAL!!! Needs some TLC!! 3BR/2BA 1 story with detached garage (original garage converted to bedroom) sizable flat lot ideal for RV, boat etc....*Granite counters in kitchen, distressed wood flooring and fireplace. SOLD AS-IS. (1st showing is this Saturday 8/28/21) Call Rip to set time. *Pictures in tomorrow
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017