2901 34TH ST NW
About This Property
The second and third floor offer a very flexible floor plan with numerous bedrooms (upstairs 6 in total) which can be used for home office, guest suites etc. The primary bedroom has a sitting room and large walk-in closet in addition to a fully renovated primary bath. In total there are 3 bedrooms and 2 baths on the second level and 3 bedroom and 1.5 baths on the third level plus a sitting area and skydeck off one of the bedrooms - offering treetop views downtown. The lower level was renovated in 2020 for a mother-in-law suite complete with a table space kitchen (with laundry), bedroom, full bathroom, living room and a separate entrance (as well as interior access). Outdoors you'll find a stone patio, hot tub, trampoline and two car detached garage.
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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 |
|---|---|---|---|
| Jul 24, 2024 | Sold | ||
| Sold | |||
| Jun 24, 2024 | In contract | - | |
| In contract | |||
| Jun 22, 2024 | Price Decreased |
$2,420,000
↓ $70K
(2.8%) | |
| Price Decreased | |||
| Jun 12, 2024 | Price Decreased |
$2,490,000
↓ $110K
(4.2%) | |
| Price Decreased | |||
| Apr 24, 2024 | Price Decreased |
$2,599,990
↓ $205K
(7.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017