300 Pheasant Drive
About This Property
The 1908 SF triplex next door features high ceilings in 2 units with a cool industrial vibe and long-term tenants.
The owner currently pays for water, sewer, and trash. All units are electric heating, each unit has a separate meter. The tenant in C unit does lawn care and shovels walks for a reduction in rent, he has been there 11 years! Tenants in triplex are all Month to month. Please call listing agent for rental income information. The house is month to month with a tenant that is a relative. The 2 units in front have W-D hookups.
The manager has listed the unit size as 1596 square feet.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 25, 2023 | No longer available | - | |
| No longer available | |||
| Jul 21, 2023 | Sold | ||
| Sold | |||
| Jul 1, 2023 | In contract | - | |
| In contract | |||
| May 16, 2023 | Listed | $699,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/16/2023
| |
6 Bed
|
2 Bath
|
1596 ft²
|
$699,000
6 Bed
2 Bath
1596 ft²
|
-
-
|
Carmen Hobson
Touchstone Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017