37 W 3rd Street
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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 |
|---|---|---|---|
| May 20, 2024 | Sold | ||
| Sold | |||
| Feb 17, 2024 | In contract | - | |
| In contract | |||
| Dec 22, 2023 | Listed by Douglas Elliman Real Estate | $675,000 | |
| Listed by Douglas Elliman Real Estate | |||
| | |||
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Embrace the allure of waterfront living in this charming, completely renovated Cape Cod home - a true boater's haven. Step inside to discover a first floor adorned with beautiful hardwood floors and life-ready hard plank vinyl, creating an inviting ambiance throughout. The main level features two generously sized bedrooms, a full bath, a cozy living room, and an inviting kitchen and dining area, all complemented by additional storage space within the laundry and utility rooms. The kitchen, offering picturesque views of the serene backyard and canal, serves as the heart of the home. Ascending to the second floor reveals an expansive primary en suite with Jack & Jill, connected to a versatile fourth bedroom or office space. The second floor also includes a delightful sitting area offering a peaceful and serene view of the canal. With 60 feet of bulkhead, including recent replacements of multiple pilings, and a durable 30-year architectural roof, this home is built to withstand the elements. Enjoy the comfort of ductless air conditioning on the upper level. The property showcases updated electric systems and recently replaced utilities, including a gas boiler and hot water system. Moreover, it features an integrated in-ground sprinkler system, Trex composite decking, indoor/outdoor wired speakers, and a hardwired alarm system for added convenience and security. Step into the backyard sanctuary, fully enclosed for privacy and meticulously maintained, offering an ideal retreat for relaxation and enjoyment. This property truly embodies the epitome of a cozy, one-of-a-kind waterfront lifestyle. Flood insurance quote $1,904.90 - STAR savings $1,338.00
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| Dec 10, 2010 | Sold | ||
| Sold | |||
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About Freeport
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017