283 Mechanic 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 15, 2015 | Sold | ||
| Sold | |||
| Jul 14, 2015 | Listed by Louise Condon Realty | $515,000 | |
| Listed by Louise Condon Realty | |||
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Recently renovated & pristine Multi Level Home sits far off the street on a private ¾ acre lot and is ideally located with easy access to center, train , schools, and shopping. Features include 4 bedrooms (2 master suites with one on 1st floor), 3 full tile baths (jacuzzi and large soaker tub), newly finished oak floors throughout, newly renovated skylit kitchen with granite, SS appliances, double oven gas stove & cathedral ceilings with adjoining skylit family room, partially finished basement includes two finished rooms , laundry and storage, 1 car attached garage, central air, vinyl siding and much more. Nothing to do but move right in!
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| Aug 27, 2014 | Sold | ||
| Sold | |||
| May 20, 2014 | Listed by William Raveis R.E. & Home Services | $454,900 | |
| Listed by William Raveis R.E. & Home Services | |||
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Updated & Spacious Multilevel Home on a large lot that has great privacy and is set far off the street yet very conveniently located and is walking distance to town center & train. Features include an open floor plan, skylit cathedral ceiling living room with adjoining dining room that has slider to deck, cathedral ceiling updated corian kitchen with brand new tile floor, 3 bedrooms on top floor and possible 4th bedroom in lower level, 1st floor family room with slider to greenhouse, lower level office, tile foyer, 1st floor laundry, c/a, recess lights, 1 car garage, new roof, 1 year old heating system, newer water heater, 2 year old trex deck, and more!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017