42
Map
3 Sherburne Rd
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 |
|---|---|---|---|
| Sep 27, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | In contract | - | |
| In contract | |||
| Aug 13, 2024 | Listed by Gibson Sotheby's International Realty | $1,075,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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Welcome to 3 Sherburne Rd, a hidden gem nestled in one of Lexington's most coveted neighborhoods! This charming 4-bedroom, 2-bathroom home presents a fantastic opportunity for first-time homebuyers or builders eager to design their dream residence. Located just minutes from Lexington Center, this property offers the perfect blend of convenience and potential. The first floor showcases stunning hardwood floors, and with a little TLC, the possibilities are endless. The home also includes a garage, adding both convenience and value. Whether you’re looking to create a cozy retreat or embark on a new project, this property offers a rare opportunity in a prime location. Don’t let it slip away! Seller welcomes offers with requests for buyer concessions.
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| Apr 1, 1965 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017