260 Adams Lane #2A
About This Property
Clean 2 bed 1 bath condo conveniently located near, the hospital, ASU's nursing school, Boone Golf Club, & Samaritan's Purse. R3 zoning, city water & sewer, newer floors & paint, and only $100 per month POA dues. Currently leased, but tenants are relocating and their lease will end at closing. Rare opportunity for a move-in ready unit under $200k. Located in floodplain
The manager has listed the unit size as 885 square feet.
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Cap Rate Calculator
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 5, 2024 | No longer available | - | |
| No longer available | |||
| Feb 28, 2024 | Listed | $199,900 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/28/2024
|
2 Bed
|
1 Bath
|
885 ft²
|
$199,900
2 Bed
1 Bath
885 ft²
|
-
-
|
Scott Warren
Boone Realty
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017