3583 MYRTLE Avenue
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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%.
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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.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Dec 18, 2020 | In contract | - | |
| In contract | |||
| Dec 7, 2020 | Listed | $749,000 | |
| Listed | |||
| | |||
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Located in the highly sought after historic neighborhood of California Heights, this Spanish Revival home was crafted in 1929. It has been thoroughly and tastefully modernized while retaining its original rustic charm. Refinished and gleaming dark stained hardwood floors throughout have a interplay and contract with the whitewashed walls. The living room is punctuated with a barrel ceiling, mock fireplace and wood framed windows overlooking the front veranda. Dramatic dining room has custom blown glass chandelier original drop front desk and picture window overlooking the front grounds. The kitchen is a showstopper with terracotta tile floors, darkstained cabinetry, solid surface quartz counters, glazed tile backspashes, stainless steel appliances, pantry and highlighted by the centerpiece chef quality Bertazzoni range. The bathroom has also been stylishly remodeled with dramatic encaustic tile floors, frameless glass shower/tub area and glazed tile surrounds. The rear yard is like a park with secluded entertaining area, mature trees and wide expanse of lawn. The 2 car garage has a dedicated laundry area. There is also a permitted storage room addition to the garage that is currently used as a bar and gathering area. What a perfect home in a prime location within the neighborhood...walking distance to award winning schools, independent diners, breweries and shopping experiences. This home will sell quickly. The manager has listed the unit size as 1037 square feet.
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| Jul 10, 2019 | Sold | ||
| Sold | |||
| May 28, 2019 | Listed by Keller Williams Beverly Hills | $645,000 | |
| Listed by Keller Williams Beverly Hills | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017