3700 Morton Drive
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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Oct 5, 2021 | Sold | ||
| Sold | |||
| Aug 25, 2021 | In contract | - | |
| In contract | |||
| Aug 20, 2021 | Listed by RE/MAX Commonwealth | $350,000 | |
| Listed by RE/MAX Commonwealth | |||
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A MUST SEE! This home features 3 levels, 4 bedrooms, 4 full bathrooms (including a 1st-floor full bathroom) and it sits on a corner lot, hardwood flooring throughout the 1st floor, upgraded crown molding throughout, a separate 1st-floor recreation room/potential in-law suite, a finished 3rd floor perfect for teen-suite (bedroom, full bathroom, dual walk-in closets, and large sitting area), family room with a high cathedral ceiling that opens to the 2nd level, gas fireplace, spacious kitchen with stainless steel appliances and nice island, large morning room with vaulted ceiling and many windows for sunlight, separate sliding doors leading to outside (14x12) deck, separate dining room with tray ceiling, spacious primary suite with huge walk-in closet, primary bathroom with a sunken soaking tub and dual vanities, and a spacious backyard. The manager has listed the unit size as 3230 square feet.
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| Jul 29, 2021 | Listed by RE/MAX Commonwealth | $350,000 | |
| Listed by RE/MAX Commonwealth | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017