2541 SUMMIT Street
About This Property
This Solid, Concrete Block, 3 Bedroom, 2 Full Baths home is a Great Investor Special! There are inside Laundry Connections, gas range, refrigerator. The Master Bedroom has a walk in tile shower only. The hall Bath is a tub/shower combo. It is located on a desirable corner lot with an elevation of approximately 18'. Property has chain link fencing on left side and back. It would be easy to add a carport to the concrete driveway. Lights & water are on for showings. View before making an offer is a MUST.
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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 |
|---|---|---|---|
| Mar 26, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | In contract | - | |
| In contract | |||
| Feb 24, 2025 | Listed by WATSON REALTY CORP | $118,000 | |
| Listed by WATSON REALTY CORP | |||
| May 16, 2022 | Listed by WATSON REALTY CORP | $125,000 | |
| Listed by WATSON REALTY CORP | |||
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This wonderful cottage style house is centrally with a lot space to offer. This house is close to restaurants, shopping, and parks in the Riverside area. House has updated flooring and closets doors. This house is being sold AS-IS. ****Highest and Best by 5pm on 5/20/2022****
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017