3251 N Frederic Street
About This Property
You will love the privacy this lot offers being slightly off the street on a flag lot. The comfortable formal floor plan with vaulted ceilings, newer windows and a view of Burbank. Beautiful hardwood floors, hill top views from the front, sliders from formal living room that open to a private courtyard.
The kitchen has pullout drawers and who would not love preparing evening meals while watching the romantic city lights through the garden window. Then unwind at the end of the day in the low maintenance yard with tranquil water fountains.
Direct access to the garage, security system and much, much more.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 13, 2019 | Sold | ||
| Sold | |||
| Jul 10, 2019 | Listed by Keller Williams WMC | $949,000 | |
| Listed by Keller Williams WMC | |||
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About Burbank
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$9,000 /mo
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$5,450 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017