29 Spruce St
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 |
|---|---|---|---|
| Sep 27, 2018 | Sold | ||
| Sold | |||
| Jun 10, 2017 | Listed by Moran Realty Group | $47,500 | |
| Listed by Moran Realty Group | |||
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Great opportunity for Builder or Owner occupant . Buyer responsible to perform their own due diligence to verify permitted usage and or to verify the ability to build on the land. Seller or agent make no warranties or representation of allowable usage or description.
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Address: 335 Madison Avenue, New York, NY 10017