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38 Pine 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 |
|---|---|---|---|
| Jan 14, 2025 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Oct 17, 2024 | Listed by 5 College REALTORS® | $450,000 | |
| Listed by 5 College REALTORS® | |||
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The historic 2-bay Greek Revival home of Henry Kellogg was built circa 1826-1833. Typical for this era the house was connected side by side to a barn - used as a blacksmith shop -to provide one spacious, dwelling unit. Upon entering you open a door to the past as you walk on worn, wide plank, pine floors surrounded by all manner of natural wood built-ins, rustic wallboards & exposed chestnut beams. The current owners improved the original foundation(s) w/ structural upgrades; updated 1st floor bedrm & ensuite bath; built a new deck; added modern FHA heating system w/ central air, wiring & elec. panel. Significant was the addition of 460 SF of living space for new kitchen (subzero frig, built-in wall ovens & countertop range) & sunken FamRm w/ propane stove. Indeed, delight in the discovery of nooks & crannies in the 2135 SF, 3 bed/2 bath house w/ potential for att. ADU. From the .69-acre lot in No. Amherst, just walk to UMASS, eateries, Mill River Recreation Area & The Mill District.
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| May 9, 2017 | Sold | ||
| Sold | |||
| Mar 21, 2011 | Listed by Jones Group REALTORS® | $339,000 | |
| Listed by Jones Group REALTORS® | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017