1
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38 Spruce Street
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 19, 2018 | Sold | ||
| Sold | |||
| Dec 31, 2008 | Sold | ||
| Sold | |||
| Nov 20, 2008 | Listed | $549,900 | |
| Listed | |||
| Jul 30, 1996 | Sold | ||
| Sold | |||
| Feb 2, 1996 | Listed | $269,900 | |
| Listed | |||
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COLONIAL CONVERTED TO 3 FAMILY W/ LARGE YARD,WALK TO CENTER, TRAINS,SHOPPING;2ND FLOOR UNIT HAS STAIRS TO LARGE OPEN ATTIC W/ EXPANSION POTENTIAL.UNITS #2,3 CAN BE SEEN ANYTIME;CONTACT LISTING BROKER TO SEE #1, 24-48 HOUR NOTICE
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017