296 N Newcastle Way
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 |
|---|---|---|---|
| May 30, 2025 | Sold | ||
| Sold | |||
| Apr 29, 2025 | In contract | - | |
| In contract | |||
| Apr 13, 2025 | Relisted | $595,000 | |
| Relisted | |||
| Mar 13, 2025 | In contract | - | |
| In contract | |||
| Feb 14, 2025 | Listed | $595,000 | |
| Listed | |||
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Appraised at 615k (FHA). Instant equity!!! Welcome to this exceptional two-story home. Great location with open space and a park across the street, offering an open-concept design filled with an abundance of space and natural light. The main floor features an oversized living room that flows into the expansive eat-in kitchen. The kitchen features an oversized island with plenty of room for serving, seating, and entertaining, along with granite countertops, stainless steel appliances, plenty of counter and cupboard space, and a large pantry. A main floor office adds convenient additional room for at-home work or relaxation. Head upstairs, where the generous primary bedroom offers a serene retreat, complete with an adjacent 3/4 bath. Two additional bedrooms provide space for family or guests, with easy access to a full bath. Also upstairs is an additional loft area, perfect for movies or additional living space. The upstairs laundry room completes the ease of this floor. The unfinished basement presents a great opportunity to expand, plumbed for a bathroom, and complete with egress windows. Outside, the backyard provides plenty of room for recreation, and the charming front porch offers outdoor comfort. Completing this home is a three-car garage, ensuring ample storage and parking space. This property truly has it all, don't miss your opportunity today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017