261 Berlin Rd
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 |
|---|---|---|---|
| Jan 8, 2025 | Sold | ||
| Sold | |||
| Nov 13, 2024 | In contract | - | |
| In contract | |||
| Oct 29, 2024 | Listed by Remax A-Team | $599,900 | |
| Listed by Remax A-Team | |||
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The first floor underwent a complete rebuild in 2016, offering modern and updated features throughout. The main level boasts a spacious, open concept living room and a kitchen with elegant white cabinetry and granite countertops with a center island, complemented by handsome hardwood floors extending into all three bedrooms. A renovated bathroom completes this floor. The lower level is designed as a full in-law suite, featuring its own kitchen, living room, bedroom, and full bath, plus a convenient laundry room. An attached garage adds ease and storage. The property sits on nearly half an acre, with a beautifully maintained yard ideal for outdoor activities and recreation.
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| Oct 10, 2007 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017