38 Melrose Street
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 |
|---|---|---|---|
| May 15, 2007 | Sold | ||
| Sold | |||
| Sep 19, 2006 | Sold | ||
| Sold | |||
| Nov 15, 2005 | Listed by A. S. Northeast Realty, LLC | $59,900 | |
| Listed by A. S. Northeast Realty, LLC | |||
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Lg 4 bdrm Colonial, wood floors,vinyl windows 1st floor. Water damaged ceiling in 2nd fl. bdrm. Property is being sold in "as is/where is" condition and Seller will NOT complete any repairs NOR inspections. Seller will NOT negotiate offers without proof of funds or preapproval letter submitted with all offers.
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| May 2, 2003 | Sold | ||
| Sold | |||
| Aug 22, 2002 | Listed by Coldwell Banker Realty - Longmeadow | $29,900 | |
| Listed by Coldwell Banker Realty - Longmeadow | |||
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LARGE FOUR BEDROOM COLONIAL NEEDS UPDATING. HARDWOOD FLOORS - GREAT CHANCE TO DO THE WORK YOURSELF AND SAVE.
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Address: 335 Madison Avenue, New York, NY 10017