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$475,000
● Multifamily - Off Market

348-50 Union

bedrooms
6 Beds
bathrooms
0 Bath, 1 Half Bath
square feet
3,000 Ft²
$1,063,402
RealtyHop Estimate
123.87%
Since Nov 1, 2003
National-US
Primary Model

About This Property

WONDERFUL VILLAGE COMMERCIAL ZONED PROPERTY 2 FAMILY WITH ROOM FOR EXPANSION OVER 3,000SF OF GLA PLUS 3 STORY BARN HI VISIBILITY LOADS OF PARKING.2 FULL BATHS 1ST FLR 2 1/2 UP
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$158
Property Type
Multifamily
Property Taxes
$298
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 4 years ago (MLSPIN #30746645)

Price History

Date / Event Date Event Price
Oct 24, 2003 Sold
Premium
Sold
Jul 17, 2003 Listed by Berset & Taylor Realty $475,000
Listed by Berset & Taylor Realty

Property Highlights

Parking Available
Parking Details
Parking Features: Paved Drive, Off Street
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Unit 1(Ceiling Fans, Storage), Unit 2(Ceiling Fans, Cathedral/Vaulted Ceilings), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Kitchen)
Appliances: Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Dishwasher, Microwave, Refrigerator), Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Wood, Carpet
Laundry Features: Washer Hookup
Rooms: 10
Basement: Bulkhead, Concrete
Exterior Details
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Multi Family
Other Structures: Barn/Stable
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Stone
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Features: Wooded
Lot Size Area: 0.69
Lot Size Units: Acres
Lot Size Acres: 0.69
Zoning: VILLAGE CO
Water Source: Public, City/Town Water
Financial Details
Tax Map Number: 8B
Tax Assessed Value: $268,100
Tax Annual Amount: $3,571
Utilities Details
Utilities: for Gas Range, for Gas Dryer, Washer Hookup
Heating Type: Unit 1(Hot Water Baseboard), Unit 2(Hot Water Baseboard)
Sewer : Public Sewer, City/Town Sewer
Location Details
Community Features: Public Transportation, Shopping, Park

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30746645
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