37 Norris 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 |
|---|---|---|---|
| Dec 31, 2024 | Sold | ||
| Sold | |||
| Nov 4, 2024 | In contract | - | |
| In contract | |||
| Oct 31, 2024 | Listed by Century 21 McLennan & Company | $529,900 | |
| Listed by Century 21 McLennan & Company | |||
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Fantastic opportunity for Builder, Investor or owner occupant due to the oversized lot in an R-2 zoned district. Seller has recent plot plan showing the ability to expand the current Single Family with an attached spacious addition that could be an income producing apartment (2 family conversion), in-law, or added living area/garage for the existing home. According to the plan, all R-2 zoning requirements would be met. (potential for lot sub division with variance) The well maintained Colonial has a front covered porch taking you inside to the entry hall leading into a spacious & bright living room with French door & wood floor, a large country kitchen with wainscotting, built in china closet & pantry, the updated bathroom has walk in shower plus a separate laundry/mud room with access to the beautiful fenced in yard. The 2nd level has 3 nice bedrooms. Newer heating system,C/A, Vinyl Windows and a great location close to schools,highway access, shopping and more. HURRY OVER TO VIEW
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017