2837 Wellman Avenue
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 |
|---|---|---|---|
| Nov 30, 2021 | Sold | ||
| Sold | |||
| Oct 15, 2021 | In contract | - | |
| In contract | |||
| Oct 6, 2021 | Relisted | $639,000 | |
| Relisted | |||
| Sep 25, 2021 | Listed by R A S Equity Partners | $639,000 | |
| Listed by R A S Equity Partners | |||
| | |||
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Turn key beautiful Spacious 3 Bedroom 2 and a half bath home nestled in the Pelham bay section of the Bronx. Conveniently located near schools, shops, restaurants, gyms and public transportation including Bx8 Bx24 Bx40 bx42 and 6 train. Just minutes away from the Hutchison River Pkwy and Whitestone Bridge. Home has been fully renovated with stainless steel appliances, recessed lighting, fully finished basement with separate entrance, full bathroom, and laundry hookup. Shared Driveway with small yard and large 2 car garage.
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| Sep 14, 2021 | Listed by R A S Equity Partners | $639,000 | |
| Listed by R A S Equity Partners | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017