250 Adelaide Street
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 |
|---|---|---|---|
| Sep 23, 2022 | Sold | ||
| Sold | |||
| Aug 2, 2022 | Listed by Milestone Realty, Inc. | $125,000 | |
| Listed by Milestone Realty, Inc. | |||
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Buildable, grandfathered 7200 sq. ft. lot with 80 feet of frontage that is located in a quiet area in the south end of the city. Water, sewer, and electric are available on the property. Gas is available on the street. This property is in close proximity to the highway, casino, and South Coast Market Place... it's a great opportunity to build in a desirable location. Please do not access the property unless accompanied by the listing agent!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017