344 Main Street
About This Property
apartment, it's a legal two-family, serves perfectly as a place for extended family or rent out the 1 BD apartment and save on your mortgage. Enjoy the view while lounging by the in-ground pool. The current owners took what was formerly a cabana and finished it, it is now a functional year-round space ideal for an office, no need to rent a desk anywhere else! A one car garage with upper loft would make for a perfect workshop. Newly painted exterior already done, all you have to do is move right in! Additional Information: HeatingFuel:Oil Above Ground,ParkingFeatures:1 Car Detached,
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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 |
|---|---|---|---|
| May 12, 2020 | Sold | ||
| Sold | |||
| Nov 8, 2019 | Price Decreased |
$479,000
↓ $14K
(2.8%) | |
| Price Decreased | |||
| Oct 3, 2019 | Price Increased |
$493,000
↑ $14K
(2.9%) | |
| Price Increased | |||
| Sep 6, 2019 | No longer available | - | |
| No longer available | |||
| Sep 4, 2019 | Listed by Hudson River Line Realty | $479,000 | |
| Listed by Hudson River Line Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017