31 Ormond Avenue
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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 |
|---|---|---|---|
| Aug 1, 2025 | Sold | ||
| Sold | |||
| May 23, 2025 | In contract | - | |
| In contract | |||
| Apr 19, 2025 | Listed by Signature Premier Properties | $399,999 | |
| Listed by Signature Premier Properties | |||
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This fully renovated home has been designed to maximize space and function! Step into a welcoming living room where natural light pours in through oversized windows, creating a cheerful and open atmosphere and includes a cozy eat-in dining area. The bright and airy kitchen features white shaker cabinets offering generous storage, sleek quartz countertops, and an elegant marble backsplash while a conveniently located stackable washer/dryer is integrated into the layout to maximize function. The bathroom includes a full tub and crisp finishes.
Completing this home are two bedrooms, thoughtfully designed for comfort and flexibility. The primary bedroom includes a large closet for ample storage, while the secondary bedroom can easily be used as a home office or flex space to suit your lifestyle..
Outside the covered south-facing porch is ideal for coffee in the morning and relaxing in the evening. The spacious, private yard offers endless potential—whether you dream of your own garden, a fire pit lounge, or even a future pool—this has space for it all!
With a brand-new roof, electrical, plumbing and heating/central air systems, all the hard work is done! This efficient and stylish home has everything you need, perfectly packaged into a small but mighty footprint. Taxes only $4716
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| Dec 6, 2024 | Sold | ||
| Sold | |||
| Aug 29, 2024 | Listed by Douglas Elliman Real Estate | $299,990 | |
| Listed by Douglas Elliman Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017