283 Franklin 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 |
|---|---|---|---|
| Nov 13, 2023 | Sold | ||
| Sold | |||
| Nov 13, 2023 | Listed by Coldwell Banker, Fort Lee | $645,000 | |
| Listed by Coldwell Banker, Fort Lee | |||
| Nov 8, 2023 | In contract | - | |
| In contract | |||
| Jul 20, 2021 | No longer available | - | |
| No longer available | |||
| May 20, 2021 | Listed by RE/MAX Properties Select | $629,000 | |
| Listed by RE/MAX Properties Select | |||
| | |||
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PRIME LOCATION! LOW TAXES, ONLY $6,456 A YEAR! NYC BUS AROUND THE CORNER AND ONLY MINUTES TO MIDTOWN! SPACIOUS 4BD 2BA WITH TOTAL LIVING AREA AROUND 2200 SQ.FT. NEAR SHOPPING AND RESTAURANTS. COME AND FALL IN LOVE WITH THIS NEWLY UPDATED HOME ON QUIET RESIDENTIAL STREET. MAIN FLOOR OFFERS ENTRY FOYER WITH TASTEFULLY RESTORED STAIN GLASS WINDOW, LIVING ROOM, FAMILY ROOM WITH WOOD-BURNING FIREPLACE, FULL BATHROOM AND TWO BEDROOMS. NEW WINDOWS, GLEAMING HARDWOOD FLOORS, RECESSED LIGHTS AND BUILT-IN SPEAKERS. 2 BEDROOMS AND FULL BATH ON THE SECOND FLOOR, LOWER LEVEL WITH BEAUTIFULLY UPDATED KITCHEN AND DINING AREA WITH EXIT TO THE FENCED BACKYARD WITH SHED, AND PATIO FOR SITTING AND BBQ. NOTHING TO DO JUST CALL YOUR MOVERS!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017