31 Gessner Road
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 |
|---|---|---|---|
| Nov 17, 2023 | Sold | ||
| Sold | |||
| Oct 3, 2023 | Listed by KA Realty | $749,995 | |
| Listed by KA Realty | |||
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Back on the market, buyer wanted to a big discount when house is already discounted and we denied even though inspection report has rarely anything on it and we offered to fix the minor things. 31 Gessner is a beautifully remodeled traditional home that seamlessly blends classic charm with modern upgrades. This inviting residence boasts updated PEX plumbing for reliable water distribution and rewired electrical systems for enhanced safety and modern living. New AC units installed, new sheetrock with wall foam insulation with new outlets installed. Inside, you'll find a harmonious mix of classic architectural details and contemporary finishes, creating a comfortable and stylish living space that bridges the best of both worlds. If you like peace and quiet, this home is an escape from reality. You can enjoy spending time with your family in the back, and camp like you are in the woods!
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| Jun 24, 2022 | Sold | ||
| Sold | |||
| Apr 19, 2022 | Listed by George Kawaja | $749,999 | |
| Listed by George Kawaja | |||
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Rare 2/3 acre elevated wooded lot overlooking bayou. Home in 500yr floodplain, flooded ONLY once in 48 years since being built, when the engineers released water from reservoirs during Harvey.
It's been professionally gutted and remediated downstairs. Remodel existing home, or build custom home on this huge 2/3 acre wooded lot overlooking the bayou.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017