275 Locust St
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 | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Listed by Lamacchia Realty, Inc. | $499,900 | |
| Listed by Lamacchia Realty, Inc. | |||
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Opportunity knocks!! This solid young and bright cape is nestled off street in an area of much larger homes. Sitting back on a wooded lot, is looking for new owners ready to create equity with some TLC. Large rooms with wood floors throughout. Smaller 4th bedroom could be a great office or nursery. Partially finished basement family room with laundry hookups creates added value. There is plenty of room for storage in the basement or the large shed in the yard. Wonderfully wooded lot creates great privacy with a great yard, that offers opportunity to be opened up to a much larger space. New roof, older windows and heating system. Seller to tie into public sewer prior to closing. Property may not qualify for all types of financing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017