36 BROAD AVE
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 |
|---|---|---|---|
| Aug 26, 2022 | Sold | ||
| Sold | |||
| Aug 10, 2022 | No longer available | - | |
| No longer available | |||
| Jul 26, 2022 | In contract | - | |
| In contract | |||
| May 6, 2022 | Listed by BHHS Fox & Roach Hopewell Valley | $500,000 | |
| Listed by BHHS Fox & Roach Hopewell Valley | |||
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Income producing investment property near the College of New Jersey. Three additional parcels are included in this sale so the possibility for more than one building may exist. This remodeled 6 bedroom, 3 bath home is within walking distance to TCNJ and is currently tenant occupied through May 2023. Enter through the large and sun-filled entryway featuring large windows and a door to the yard. Durable wood-look vinyl flooring flows throughout the main living spaces. The open concept kitchen features new granite countertops and cabinets as well as newer appliances. Vaulted ceilings and skylights over the main living area provide plenty of natural light and a spacious feel. 3 bedrooms and 2 full bathrooms complete this floor. An extra wide staircase leads to the upper level with 3 additional bedrooms serviced by 1 full bathroom. The spacious loft area overlooks the first floor and provides the option for an additional sitting area. The HVAC, water heater and washer/dryer were all replaced in 2017. Benefit from easy access to I95, Philadelphia, Princeton, and NYC. Restaurants, shopping, and recreational activities abound in Ewing and surrounding communities. The manager has listed the unit size as 2427 square feet.
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| Apr 21, 2022 | Listed by BHHS Fox & Roach Hopewell Valley | $500,000 | |
| Listed by BHHS Fox & Roach Hopewell Valley | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017