3 Madison Ave
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 |
|---|---|---|---|
| Oct 7, 2020 | Sold | ||
| Sold | |||
| Aug 3, 2020 | Listed by Ledge & Young Real Estate | $449,900 | |
| Listed by Ledge & Young Real Estate | |||
| Aug 1, 2018 | Sold | ||
| Sold | |||
| May 18, 2017 | Listed by Coldwell Banker Realty - Cambridge | $195,000 | |
| Listed by Coldwell Banker Realty - Cambridge | |||
| | |||
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**SOLD AS-IS**PRICE NOT YET APPROVED BY LENDER**NEGOTIATED BY ATTORNEY** Old Style 2 bedroom home. Close proximity to beach, town and library. Wonderful potential. Subject to short sale negotiation fee of $5,000 paid at closing by buyer. Smoke cert, and final water bill is buyer's responsibility. **ALL OFFERS MUST HAVE SIGNED DISCLOSURE ATTACHED TO THIS LISTING**
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| Jun 28, 1999 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017