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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 |
|---|---|---|---|
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Oct 28, 2024 | In contract | - | |
| In contract | |||
| Oct 28, 2024 | Price Decreased |
$699,900
↓ $30K
(4.1%) | |
| Price Decreased | |||
| Sep 26, 2024 | Price Increased |
$729,900
↑ $30K
(4.3%) | |
| Price Increased | |||
| Sep 19, 2024 | Listed by Keller Williams Realty Urban Elite | $699,900 | |
| Listed by Keller Williams Realty Urban Elite | |||
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Vintage Craftsman bungalow in the desired Highlands neighborhood. This home is a gardener's delight and features quality updates, desired vintage character and pride of ownership. The new kitchen was thoughtfully remodeled and includes solid surface counters, a beautiful farmhouse style sink along with stainless steel appliances. The large pantry and eat-in space round out this area. Off the kitchen is a cozy, light filled sunroom to read, write or use as office space. You will also appreciate the converted gas fireplace, stained glass, the abundant large windows, gorgeous wood built-ins, period light fixtures and the wood floors throughout. The main level also boasts a great 2nd bedroom and a cozy office space or den. Upstairs you will find a spacious primary suite with a 3/4 bathroom and cozy nooks for a meditation space or play area for kids. Outside there is wonderful outdoor space to relax with trex decking and flagstone patio, to gather, entertain and enjoy! The basement is partially finished and provides great storage with 2 extra crawlspaces, a laundry room and work bench area. Preferred lender, Artisan Home Loans is offering a 1-0 Lender PAID Temporary Buydown. Call Janelle Freeman at (805)708-8626
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017