3405 Fillmore St
About This Property
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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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Jun 21, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by BANYAN REAL ESTATE LLC | $590,000 | |
| Listed by BANYAN REAL ESTATE LLC | |||
| | |||
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Price Reduction! This area is on fire with proximity to the ever popular RiNo district. This 6,557 SF corner lot is Zoned U-MS-2x and it is located within an Opportunity Zone. That zoning is "Main Street" and allows a wide array of uses up to 2 stories high. The other added value of this highly attractive investment property is the 2nd unit in the basement. This makes for potential 2 rental unit income that can be used to offset costs while going through a development process. 2BR/1BA unit upstairs and a 1BR/1BA unit downstairs with it's own lockoff/access. The 2 units share laundry. This could be an excellent house hack opportunity for an entry level buyer to purchase and live in one unit and rent the other. The opportunities are endless and wide open to the buyer's imagination. All information regarding zoning and opportunity zone is deemed reliable, however prospective buyers are encouraged to do their own research and due diligence regarding zoning and OZ, as well as measurement of the property's square footage or land measurements.
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| May 22, 2024 | Price Decreased |
$599,000
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Apr 23, 2024 | Price Increased |
$619,000
↑ $20K
(3.3%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017