29 Algonquin Avenue
About This Property
Lower level has a large Family Room, a 4th BR. or office, and a huge Florida RM. 2 zone baseboard heat and 1 zone A.C. Complete new roof in 2009. Oversized 2 car garage w/ garage door openers. Situated on a private lot on a quiet street. Minutes to beach, boating, ferry, train and mass transit. Needs some TLC. A great home for entertaining!
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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 |
|---|---|---|---|
| Mar 31, 2017 | Sold | ||
| Sold | |||
| Feb 2, 2017 | Listed by RE/MAX Synergy | $459,000 | |
| Listed by RE/MAX Synergy | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017