280 18th Avenue
About This Property
Upon entering, you are greeted by a warm and inviting living room. The adjacent kitchen, a functional space awaiting your culinary flair, effortlessly leads you to the family room addition. This bonus area is ideal for casual entertaining, movie nights, or simply a retreat to unwind. Storage won't be an issue here; the unfinished basement, accessible from the home's exterior, grants you the freedom to store seasonal items, create a workshop, or eventually transform it into additional living space.
This property offers a unique feature that sets it apart. An oversized, detached garage, complete with its own driveway, lends itself to a multitude of uses. Whether you're a car enthusiast, need extra storage, or want to create a hobby space, this garage affords you the room to do it.
While the home is in need of some TLC, its potential is undeniable. With a touch of modern updates and personalized embellishments, you could easily transform this house into your dream home. Close to major shopping, Route 70, Route 34, Route 35, GSP, Jersey Shore.
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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 |
|---|---|---|---|
| Dec 8, 2023 | Sold | ||
| Sold | |||
| Aug 31, 2023 | Listed by RE/MAX Central | $330,000 | |
| Listed by RE/MAX Central | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017