3313 Arbor Road
About This Property
In 2000, the home underwent a significant remodel, enhancing both its functionality and appeal. The electrical system was upgraded, a new roof was installed, and a large primary bedroom was added, complete with a walk-in closet and en-suite bathroom. The kitchen was remodeled at this time with quality oak cabinets, updated plumbing, a two-stage drinking water filtration system, and new appliances. The hallway bathroom was also simultaneously refreshed. This home features a convenient separate indoor laundry room. The front yard boasts low-maintenance landscaping, and the charming front porch is the perfect spot to relax and enjoy the neighborhood. The elongated driveway, secured by a gate, leads to the backyard, providing ample parking space. In 2015, a new HVAC system with energy-efficient ducts was installed, ensuring year-round comfort. Additional features include custom plantation shutters on the front windows, an oak front entry door, ceiling fans in every room, and updated double-pane windows throughout. Located within walking distance of a lovely park, the nearby school and plenty of shopping and dining options, this home offers the ideal blend of comfort, style, and convenience.
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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 |
|---|---|---|---|
| Sep 27, 2024 | Sold | ||
| Sold | |||
| Sep 8, 2024 | In contract | - | |
| In contract | |||
| Aug 28, 2024 | Listed by Compass | $865,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017