32-02 Murray Lane
About This Property
Ideally located just a few minutes to Bowne Park, the home is also close to shopping, schools, and transportation-offering exceptional convenience in a prime North Flushing location.
The layout is bright and open, with abundant natural light throughout. The exterior, including both the front and back yards, has been fully upgraded, enhancing both curb appeal and outdoor living space.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017