3 Mortimer St
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 |
|---|---|---|---|
| Mar 7, 2025 | Sold | ||
| Sold | |||
| Jan 27, 2025 | In contract | - | |
| In contract | |||
| Jan 23, 2025 | Listed by Executive Real Estate - Feeding Hills | $279,999 | |
| Listed by Executive Real Estate - Feeding Hills | |||
| | |||
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Discover this spacious 4-bedroom, 2-bath Colonial home, lovingly maintained by the same owner for close to 20 years. This home includes a two-car garage for your convenience. Inside, you’ll find beautiful hardwood floors throughout, complemented by updated bathrooms. The formal dining room is perfect for hosting family dinners, while the cozy living room fireplace adds warmth and charm. Located just minutes from Springfield College, this home offers a prime opportunity for college students or potential rental income. Don’t miss the chance to make this timeless home yours!
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| Oct 19, 1999 | Sold | ||
| Sold | |||
| Jul 29, 1996 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017