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28 Morton Avenue
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 29, 2010 | Sold | ||
| Sold | |||
| Dec 7, 2009 | Listed | $259,900 | |
| Listed | |||
| Nov 23, 2009 | Sold | ||
| Sold | |||
| May 15, 2006 | Sold | ||
| Sold | |||
| Feb 25, 2006 | Listed by J. Barrett & Company | $324,900 | |
| Listed by J. Barrett & Company | |||
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This charming colonial has much to offer for the price. Located on a large level lot in a desireable neighborhood it offers the possibility of future expansion. Some upgrades have already been done including: a newer circuit breaker electric service, a newer hot water heater, and vinyl siding. Use your special touches to bring this property to its full potential.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017