302 FAIRVIEW AVE
About This Property
Convenience is key with rear alley access and electric gate entry into the recently added oversized two-car garage, complete with insulation, heating, and an epoxy floor. Enter the lower living space from the garage, offering a spacious family room with a fireplace, a convenient half bath, a versatile den, and a laundry room. Downstairs the basement is equipped with upgraded electricity for a workshop and a generous storage area.
Upstairs, retreat to the bedroom level featuring two full baths, enhanced by abundant natural light, ceiling fans, and hardwood flooring throughout. Additional features include a comprehensive drainage system encircling the basement exterior and an oversized sump pump with battery backup, ensuring a dry basement year-round. Take advantage of the owner owned solar panels, installed during the 2020 roof replacement, offering minimal monthly electric bills with a transferable warranty.
Well cared for and upgraded home in a fantastic Baker Park location. This is the life! See the 3D Tour and floorplans!
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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 6, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Jul 2, 2024 | Price Decreased |
$734,000
↓ $1K
(0.1%) | |
| Price Decreased | |||
| Jun 12, 2024 | Price Decreased |
$735,000
↓ $15K
(2%) | |
| Price Decreased | |||
| May 16, 2024 | Listed by Long & Foster Real Estate, Inc. | $749,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017