3104 Michael Street
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 |
|---|---|---|---|
| Jun 1, 2023 | Sold | ||
| Sold | |||
| Mar 26, 2023 | Listed by BuyBroker | $198,500 | |
| Listed by BuyBroker | |||
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Completely remodeled from top to bottom, this 3 bed 1.5 bath all brick home is sure to please even the most discerning buyer. Light and bright interior with a large eat in kitchen featuring brand new appliances, cabinets with soft close drawers and high end granite countertops. Neutral yet modern color scheme throughout with natural oak look wood laminate flooring, elegant tile, state-of-the-art backlit mirrors with LED and fog resistant features, tankless on demand H20 heater. Best of all, this home sits just a few blocks from the water with the most incredible views and NO FLOOD INSURANCE REQUIRED!! Low taxes, No HOA. MUST SEE!!! All measurements approximate and to be verified by buyer.
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| Jan 18, 2023 | Sold | ||
| Sold | |||
| Dec 12, 2022 | Listed by Douglas Elliman Real Estate | $145,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017