26 Hodge Road
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 27, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Gibson Sotheby's International Realty | $1,200,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Built in 1961, 26 Hodge Road has grown up with and supported its only family for 63 years. As their needs grew, so did the house. Originally a classic ranch with 3 bedrooms and 2 bathrooms, a second level was added in 1978 to make it the large 6 bedroom and 4 bathroom home it is today. With 3,528 sq. ft. of living space, it sits proudly on a corner lot at the intersection of Hodge, Melvin and Hartford Roads in the beautiful Morningside neighborhood. Now, the question is, how will 26 Hodge Road support its next owner? As it has evolved, the house allows for two branches of the family to live together - one on each level. The next owner, however, will likely have a different need for its 3,500+ sq. ft. and it will be exciting to see how this giving space evolves to suit them. Leave the first level alone and completely reimagine the second. Turn it into an upside down house with the kitchen and living room on the second level and all the bedrooms on the 1st. The opportunities abound.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017