281 Cherokee 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 |
|---|---|---|---|
| Apr 15, 2024 | Sold | ||
| Sold | |||
| Mar 22, 2024 | Listed by Keller Williams Realty Urban Elite | $759,000 | |
| Listed by Keller Williams Realty Urban Elite | |||
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This stunning two-story brick home is ideally situated in the heart of the Baker Historic Neighborhood! The charming curb appeal welcomes you to this exceptional Victorian that features the perfect blend of historic charm, timeless elegance, and modern amenities. Ideally situated on a large corner lot in this highly sought-after neighborhood, you can enjoy 3 bedrooms on the upper level; a detached garage, and an outside patio area, with a private, fully fenced backyard. The side entry to the basement can be closed off from the main area of the home, and provides options for a 2nd unit, an Airbnb, a mother-in-law, a studio, or whatever fits your lifestyle & needs! Delight in the architectural details that include vintage design with original staircase, refinished hardwoods, leaded glass, exposed brick, pocket doors, a decorative fireplace, 12" molding, and so much more that exudes the character of this magnificent home! Boasting a sizable living room that adjoins the formal dining room, a completely updated kitchen featuring stainless steel appliances, recessed lighting, a spacious eat-in space, an abundance of cabinet & storage space, and the modern conveniences you want for your daily living while offering a comfortable gathering place for family & friends. Upstairs the primary bedroom and secondary bedrooms provide deep closets, hardwood flooring, and continue to add to the character of this residence! A full bath with a clawfoot tub and new flooring complete the upper level. The peaceful back & side yard areas present an opportunity for multiple garden areas, along with an inviting front porch to relax & enjoy the serene setting! This sun-filled home allows you a rare opportunity to enjoy a piece of history in the heart of a vibrant, urban community! Just a short distance to Broadway's Main Street development, Santa Fe Art District, diverse shopping, casual & fine dining, neighborhood parks, and an array of entertainment this city has to offer!
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| Jul 21, 2021 | Sold | ||
| Sold | |||
| May 27, 2021 | Listed | $685,000 | |
| Listed | |||
| May 2, 1995 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017