309 4TH Street
About This Property
-Added 3' of fill (high&dry)
-Grades are 11' elevation on 1st flr (no flooding from Matthew or Irma)
-4" concrete slab on spread footing w/stem wall (no crawl space)
-In structural areas where there are load bearing walls & columns there are 18" thick turn-downs in the footings
-2x6 wood frame construction on 1st and 2nd flrs
-Sill plates bolted to foundation (built to 2004 codes)
-Double strapped roof rafter, 5/8" roof sheathing w/clips between sheets
-30 yr architectural shingles
-Thermopane windows
-Blown-in cellulose fiber insulation treated w/borax (fire retardant & pest controller)
-Sound proofing: Extra blown-in insulation between 1st&2nd floors, and wall between master bedroom&living room
-Wired for full-house surround sound, w/speakers in front&back porches, kitchen, master bedroom, and living room
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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 |
|---|---|---|---|
| Jun 12, 2019 | Sold | ||
| Sold | |||
| Apr 4, 2019 | Listed by WATSON REALTY CORP | $569,900 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017