27 Morgan Drive
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 |
|---|---|---|---|
| Jul 10, 2023 | Sold | ||
| Sold | |||
| May 18, 2023 | Listed by Carbutti & Co., Realtors | $465,000 | |
| Listed by Carbutti & Co., Realtors | |||
| Jun 27, 2022 | No longer available | - | |
| No longer available | |||
| May 21, 2022 | Listed by Harriman Real Estate LLC | $499,900 | |
| Listed by Harriman Real Estate LLC | |||
| | |||
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Expanded Ranch home with unique features and upgrades. Step inside to a stunning open floorplan, perfect for entertaining. There is a warm and inviting family room with cathedral ceilings, skylight and propane fireplace. The kitchen is amazing, featuring granite counters, tile backsplash, gas range, stainless steel appliances and hardwood floors. The center island has a breakfast bar with seating for 6. There's also a dining area surrounded by windows. The kitchen is open to another area that could be a formal dining room or even a home office. This room overlooks the patio/pool area. You'll enjoy relaxing in the sunroom, which also has cathedral ceilings and overlooks the backyard. The master bedroom features hardwood floors, crown molding and a full bath. There are two additional bedrooms plus another full bath on this level. The lower level is partially finished and has plenty of additional space to expand. For summertime fun, enjoy the pool and patio area. The pool surrounded by concrete patio just steps from your back door. This home is located in a lovely neighborhood setting on the Eastside, close to highways for easy commute. The manager has listed the unit size as 1892 square feet.
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| Jun 12, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017