28 Lancaster Avenue
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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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| Apr 9, 2024 | In contract | - | |
| In contract | |||
| Apr 5, 2024 | Listed by Signature Real Estate Services | $499,000 | |
| Listed by Signature Real Estate Services | |||
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Welcome to 28 Lancaster Avenue! This gorgeous Delaware District home has had a complete transformation in 2024. Upon walking through this side entrance, traditional style home, you will be blown away. The spacious living room has a fireplace with built in bookcases. The dining room is ideal for a large dinner party or an intimate dinner. The kitchen has been completely remodeled, cabinetry, quartz countertops, flooring, exposed brick, and appliances. Just off the kitchen is a butler's pantry. Upstairs are three generous sized bedrooms. The primary bedroom has a fireplace and a large seating area. The other two bedrooms have spacious closets. The main bath has reglazed subway tiles, bathtub, and pedestal sink. All hardwood floors have been refinished. The interior has been newly painted. Glass block windows, plantation blinds, hot water tank, copper plumbing, sump pump with back up, electrical panel, all electric runs, and three high performance split AC/heat units, and security system were done in 2024. Enjoy your fully fenced rear yard with a flagstone patio. An easy walk to the shops and restaurants. Offers will be reviewed upon receipt. Don't miss this beauty!
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| Feb 6, 2024 | Sold | ||
| Sold | |||
| Dec 7, 2023 | In contract | - | |
| In contract | |||
Property Highlights
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About Elmwood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017