3125 MEMORY LANE
About This Property
Sweet sweat Equity$$$ - All that is needed is some paint, carpet, a really good deep cleaning, a few windows, and a new HVAC but a Home Warranty company may cover the cost for a new HVAC system... BEING SOLD AS-IS...
Some recent updates: Newer Roof, updated kitchen, Washer / Dryer, and some appliances...
Seller will need a short rent back, Thank you in advance for your patience!
Seller request Cardinal Title for closing. Fully finished Basement with private laundry room, spacious office, spacious rec room, and another full bathroom.
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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 |
|---|---|---|---|
| May 26, 2026 | Price Decreased |
$549,900
↓ $25K
(4.4%) | |
| Price Decreased | |||
| May 16, 2026 | Listed by Samson Properties | $574,900 | |
| Listed by Samson Properties | |||
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About Calverton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017