37 Terrace Place
About This Property
Step inside to a spacious living room featuring a warm wood-burning fireplace. The formal dining room is accented with a large bay window offering plenty of light and a lovely setting for entertaining. The eat-in kitchen boasts granite countertops, stainless steel appliances and sliding glass doors to the back area. A convenient powder bath completes the main level. Upstairs, you'll find three comfortable bedrooms, including the primary bedroom with its own full bath. An additional full bath serves the other two bedrooms, offering plenty of space for family or guests. The unfinished basement houses a washer and dryer, with ample storage potential. Convenient location - walking distance to Metro North Train Station, restaurants, shops and movie theater. Don't miss the opportunity to make this charming home your own! Additional Information: ParkingFeatures:1 Car Detached,
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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 20, 2024 | Sold | ||
| Sold | |||
| Oct 2, 2024 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Listed by Keller Williams Realty Partner | $595,000 | |
| Listed by Keller Williams Realty Partner | |||
| Aug 9, 2023 | No longer available | - | |
| No longer available | |||
| Feb 8, 2023 | Listed by Houlihan Lawrence Inc. | $639,000 | |
| Listed by Houlihan Lawrence Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017