311 Pelham 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.
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 20, 2024 | Sold | ||
| Sold | |||
| Apr 18, 2024 | Listed by Century 21 North East | $649,000 | |
| Listed by Century 21 North East | |||
| Apr 15, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 27, 2024 | Price Decreased |
$719,900
↓ $30K
(4%) | |
| Price Decreased | |||
| Feb 24, 2024 | Listed by Century 21 North East | $750,000 | |
| Listed by Century 21 North East | |||
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Welcome to 311 Pelham Street - the beautifully renovated 1762 farmhouse that is perfect for anyone seeking comfort and modern convenience. This historic gem offers 4 bedrooms, 2 and a half bathrooms, and 2 attached car garages. On the main level, the living room flows into the dining room and kitchen, circling the massive preserved original chimney, into the family room boasting hardwood floors throughout. The spacious kitchen has a kitchen island, granite countertops, and stainless steel appliances. Also on the main level, there is a laundry room, a half bath, and direct access to the garage. On the second floor is the master bedroom and 3 other bedrooms which share a bathroom. From the hallways, the brick chimney and the original wood frame are exposed, making this exquisite home a must-see! Don't miss out! Showings begin at the open house.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017