309 Melrose Street
About This Property
Rocking chair front porch with a 2 car oversize garage.
This home boasts a 4 bedroom ranch with 2 baths. Hardwood floors in the dining room as well as the living room and a gas fireplace. The kitchen has granite counter tops with stainless steel appliances and 42 inch cherry cabinets.
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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 |
|---|---|---|---|
| Mar 1, 2022 | Sold | ||
| Sold | |||
| Nov 19, 2021 | Listed by C21/ Solid Gold Realty | $559,000 | |
| Listed by C21/ Solid Gold Realty | |||
| Jun 22, 2012 | Sold | ||
| Sold | |||
| Mar 27, 2012 | Listed by Gloria Nilson & Co. Real Estate | $379,900 | |
| Listed by Gloria Nilson & Co. Real Estate | |||
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New Construction 4 Bedroom Ranch with a Full Basement, built on three quarter Acre..Shopping, Restaurants, Schools & Beaches. This home also comes with a New Home Warranty for 10 years. The Master bedroom features a master bath & walk in closet. the great room has hardwood floors; a tray ceiling & a fire-place. The basement is high & dry and full length of the house; this home also features a $12,000 fire sprinkler system in every room ...basement too. all is done to move right.. in new for you.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017