31 Gates 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 |
|---|---|---|---|
| Apr 30, 2025 | Sold | ||
| Sold | |||
| Mar 29, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Listed | $568,000 | |
| Listed | |||
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This is the house you have been waiting for to get you into the desirable town of Shrewsbury! Centrally located on a street that is right next to the public library with no through traffic, this 3BR 2BA ranch is only 0.7 mi to Paton School, and 1.1 mi to Dean Park. You can enjoy the convenience of Shrewsbury downtown AND a tranquil neighborhood at the same time. The bright, freshly painted main level has re-finished hardwood floor throughout. Brand new updates also include granite kitchen countertop and sink, recessed lights in living room, ceiling lights in all bedrooms, main floor bathroom vanity, and hot water tank. The update list goes much longer when counting projects in recent years – roof, driveways, pebble walkway, washer and dryer, range… The finished basement with vinyl flooring offers additional versatile living space and a full bath. Ample parking spaces including a one-car garage, 3 off-street and plenty on-street parking for this corner lot. This house is move-in ready!
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| Apr 17, 2015 | Sold | ||
| Sold | |||
| Feb 17, 2015 | Listed by Hastings Group | $289,900 | |
| Listed by Hastings Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017