3 Marne Avenue
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 |
|---|---|---|---|
| Apr 15, 2025 | Sold | ||
| Sold | |||
| Feb 23, 2025 | In contract | - | |
| In contract | |||
| Feb 2, 2025 | Price Decreased |
$395,000
↓ $4K
(1%) | |
| Price Decreased | |||
| Jan 8, 2025 | Listed by Christie's Int. Real Estate | $399,000 | |
| Listed by Christie's Int. Real Estate | |||
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Nestled in an idyllic neighborhood within Newburgh's historic district, this charming 3-bedroom, 1.5-bathroom home exudes warmth and invites you in with its sunlit rooms and enclosed entry porch. The open living room features a brand new picture window and built-ins that maximize space, flowing seamlessly into an ample-sized dining room off the kitchen. Situated on an oversized lot, the property boasts a fenced-in backyard and additional side space, perfect for outdoor entertaining and play. A standout feature is the owned solar panel system, offering significant savings on monthly utility bills. Ideally located near a library, elementary school, and Mount St. Mary College. Commuters will appreciate the easy access to Route 84 and 87, while leisure seekers can enjoy nearby parks and waterfront dining options. This delightful property truly offers the best of both worlds – historic charm and modern convenience – making it an attractive option for those seeking a comfortable and well-situated home.
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| Jul 19, 2017 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017