371 Marcellus Road
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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%.
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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.
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 |
|---|---|---|---|
| Aug 12, 2021 | Sold | ||
| Sold | |||
| Dec 29, 2020 | No longer available | - | |
| No longer available | |||
| Dec 16, 2020 | Listed by East Coast REALTORS Inc | $699,000 | |
| Listed by East Coast REALTORS Inc | |||
| | |||
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Charming home in clean, quiet, safe, & family-friendly Village of Mineola. This spacious 1,734 sq ft 4-BR, 1.5 Baths single-family home features modern amenities fused with architectural character in a fantastic location. Featuring a Huge Living Rm w/ a wood-burning Fireplace & Recessed Lights, Renov Kit & Baths, a Cozy Breakfast Nook w/ Skylight, Lg Pantry, New Pergo Flrs, Hardwood Flrs, New Lighting, French Doors, Lots of Windows, Lg Master BR w/ Wide Closets, convenient 2nd fl Washer/Dryer. Huge Renovated top-flr BR w/ Vaulted Ceilings, Bamboo Flrs, & lots of Storage. Ext features an Elevated Wood Deck & a defined Landscape w/ an Auto Sprinkler Sys. The Location is Super Convenient. It's only 30 min by LIRR to Manhattan from Mineola Station. Short walk to the Elementary School, Middle School, High School, & Library. Close to: nice Parks, Supermarkets, HMart, Starbucks, many Fantastic Restaurants, & Great Shopping: Roosevelt Field Mall, Trader Joe's, Costco, Target, Bed Bath & more. The manager has listed the unit size as 1734 square feet.
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| Nov 2, 2020 | Listed by Howard Hanna Coach | $729,000 | |
| Listed by Howard Hanna Coach | |||
| Sep 21, 2017 | Sold | ||
| Sold | |||
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About Mineola
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017