37 W 3RD Street
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 |
|---|---|---|---|
| Mar 10, 2025 | Sold | ||
| Sold | |||
| Jan 27, 2025 | In contract | - | |
| In contract | |||
| Jan 21, 2025 | Listed by ROOT REALTY LLC | $479,900 | |
| Listed by ROOT REALTY LLC | |||
| | |||
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This stunning + well maintained newer construction 4 bed, 3.5 bathroom home nestled in the heart of Historic Springfield is sure to impress! Boasting historic details without the age while fitting into the historic footprint of the neighborhood is a win-win! Greeted by the sweetest picket fence and a welcoming front porch, this house will immediately feel like home. Step inside to find hardwood floors, a focal point gas fireplace, high ceilings, historic styled trim, and open layout--the features are endless! The living room is a great spot for gathering friends and leads right into the well-sized dining room, giving an open feeling but still with defining spaces. A thoughtful first floor flex space/bedroom allows flexibility for a playroom, office, or a guest room opportunity. A convenient half bath off of the living spaces is ideal for guests. Make your way to the beautiful kitchen featuring solid wood cabinetry, granite countertops, a pantry closet, gas range, and stainless steel appliances. A huge bonus of this home is the first floor bedroom suite--complete with its own bathroom, ample closet space, and privacy for guests. Upstairs, note the convenient laundry room with conveying newer washer and dryer set. The front bedroom has its own private bath and oversized windows allow for tons of natural sunlight and a great view out to historic 3rd St. Down the hall, the very private and spacious primary suite includes a walk in closet, dual vanity, stand alone shower, and private view to the backyard. Situated on a deep lot, you will find a solid wooden deck, fully fenced backyard, basketball court, alley access, and a blank canvas for a future garden, pool, or so much more! You cannot beat the location of this property as it's known to be on the Porchfest routes, just blocks from the happenings, restaurants, and shops of Main St and just one block from Klutho Park. AC is new.
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| May 3, 2019 | Sold | ||
| Sold | |||
| Mar 15, 2019 | Listed by ROOT REALTY LLC | $325,000 | |
| Listed by ROOT REALTY LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017