3105 Pine 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%.
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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.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Oct 8, 2020 | In contract | - | |
| In contract | |||
| Oct 6, 2020 | No longer available | - | |
| No longer available | |||
| Sep 24, 2020 | Listed | $630,000 | |
| Listed | |||
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History, Charm and Location. The Walter C. Banks Residence is a Post-Medieval English style, built in 1927 by Riverside’s famed architect Henry Jekel. Located in the North Hill historic district. This city Landmark has been well preserved with all the original details, such as custom old-world light fixtures, quarter-sawn oak floors, a sunken living room featuring hand-hewn wooden beams and a cozy fireplace. The formal dining room opens to a deck with mountain views. The kitchen is elegantly updated with custom cabinets, and high-end appliances. A charming patio off the kitchen, the perfect spot to enjoy your coffee and wave to neighbors. The one-of-a-kind stairway features Jekel's signature stained glass window and an original landscape mural painted by famous Hollywood set designer Ruhnau. Upstairs you will find 3 spacious bedrooms, 1 with a private deck and 1 with a Juliette balcony and a full bath off the hallway. This historic home is also Multi-Generational Income Property! The studio apartment downstairs has a private entrance generates over $2k in monthly income as an Airbnb! Or use for your college kid or Mom and Dad. This home is also registered with the Mills-Act, giving a significant tax savings! Located on a huge oversized lot, with RV parking with convenient hookups. The back yard has fantastic spaces for entertaining, or just relaxing. Located a stone’s throw from Fairmont Park, Lake Evans, Mt Rubidoux and all the shops and restaurants Downtown has to offer. The manager has listed the unit size as 1712 square feet.
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| Oct 19, 2017 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017