3171 Cedar 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%.
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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 |
|---|---|---|---|
| Feb 15, 2019 | Sold | ||
| Sold | |||
| Dec 26, 2018 | No longer available | - | |
| No longer available | |||
| Nov 14, 2018 | Listed by Keller Williams - Long Beach Pacific Estates | $580,000 | |
| Listed by Keller Williams - Long Beach Pacific Estates | |||
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Step into a charming world of lush landscaping and elegantly chic decor every time you enter this gorgeous two bedroom home at 3171 Cedar Ave. Handsome hardwood floors run throughout the home, and the brick fireplace in the living room enhances the sleek, modern interior. Multiple large windows with plantation shutters brighten the space with volumes of natural light. The open concept floor plan allows a seamless flow from the living room to the dining room and kitchen and makes this home ideal for entertaining. Modern conveniences include integrated surround sound in living room, wi-fi thermostat, automated six phase irrigation system and a tankless water heater. A picture window/glass door in the dining room overlooks a brick patio focusing on a 3-tier fountain. The kitchen is stunning with ample rich wood cabinets and a colorful tile backsplash, as well as Silestone counters, Blanco Silgranit main & prep sinks and GE Caf series stainless steel appliances. The concealed pantry and laundry areas are conveniently located and compliment the stylish kitchen. The bedrooms are roomy with sizeable windows overlooking the inviting backyard and generous closet space. A small study located off the hallway is suitable as an office or other convertible space. The backyard is absolutely enchanting bountiful local trees and plants surround the covered patio area and line the walking path with timer activated soft landscape lighting throughout creating a tranquil atmosphere. The manager has listed the unit size as 1152 square feet.
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| Oct 3, 2018 | Listed by Keller Williams Pacific Estate | $580,000 | |
| Listed by Keller Williams Pacific Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017