3 Forest Road #3
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 |
|---|---|---|---|
| Feb 24, 2017 | Sold | ||
| Sold | |||
| Aug 26, 2016 | Listed by StartPoint Realty | $239,900 | |
| Listed by StartPoint Realty | |||
| | |||
|
Tremendous opportunity and true value, this beautiful Condo is located close to Downtown, Shopping, Schools and Restaurants. Features include Gas Heat, Central Air Conditioning, Low Condo Fee, New Roof 2011, Replacement Windows, New Furnace 2016, New Water Heater 2011, Second Floor Laundry, New pleasingly neutral paint and décor. The Updated Kitchen offers gorgeous Quartz/Silestone Counters, Maple Cabinetry and fabulous Breakfast Bar. The Dining Room offers gleaming Wood Laminate Flooring and a Slider to your own private Deck. The Master Bedroom offers Double Closets. The Second Bedroom has a walk-in Closet. Half Bath on the first floor features Ceramic Tile Flooring and an updated Vanity. The Full Bath on the Second Floor features Tile Flooring as well as a Washer and Dryer for easy living. The finished Lower Level is heated with an additional storage room. Just minutes to major Highways and under 5 miles to the Norfolk Commuter Rail. Why pay rent when you can own? Move in ready!
| |||
| Jan 26, 2005 | Sold | ||
| Sold | |||
| Nov 4, 2004 | Listed by Palmer Russell Company | $242,500 | |
| Listed by Palmer Russell Company | |||
| Jun 28, 2001 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/26/2016
|
2 Bed
|
2 Bath
|
1428 ft²
|
$239,900
2 Bed
2 Bath
1428 ft²
|
$231,500
-3.50%
02/24/2017
|
Joleen Rose
ERA Key Realty Services-Bay State Group
| |
|
11/04/2004
|
2 Bed
|
2 Bath
|
1248 ft²
|
$242,500
2 Bed
2 Bath
1248 ft²
|
$237,500
-2.06%
01/26/2005
|
Wayne Wilkins
Palmer Russell Company
| |
|
03/31/2001
|
2 Bed
|
2 Bath
|
1150 ft²
|
$168,900
2 Bed
2 Bath
1150 ft²
|
$160,000
-5.27%
06/28/2001
|
Jo An O'Rourke
Classic Properties REALTORS®
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017