281 Melrose Street
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 |
|---|---|---|---|
| Oct 8, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Listed by EXP Realty | $549,000 | |
| Listed by EXP Realty | |||
| Dec 18, 2020 | Sold | ||
| Sold | |||
| Aug 21, 2020 | Listed by Keller Williams Realty Ocean Living | $315,900 | |
| Listed by Keller Williams Realty Ocean Living | |||
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Move right into this Charming Ranch, this is the place where your dreams begin. No need to update it has been done for you. This home features Open floor plan. Eat-in kitchen, newer cabinets, center island and tile back splash. granite counter tops, stainless steel appliances. 2 updated bathrooms & more.
Oversized living room with laminate floors, family room.
separate laundry room.
Large yard , please be inspired to add your own bit of chic to this cozy front porch and back deck.
Close to beach, parkway, train, bus and shopping.
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| Jan 20, 2016 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017