39 Spear St
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 |
|---|---|---|---|
| Jul 18, 2024 | Sold | ||
| Sold | |||
| Jun 5, 2024 | Listed by Real Broker MA, LLC | $725,000 | |
| Listed by Real Broker MA, LLC | |||
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This Charming Colonial in Melrose offers 3 bedrooms, 1.5 bathrooms, and 1,431 square feet of living space. The family and formal living rooms guarantee space for everyone and with the open kitchen and dining room spaces, this home makes for the perfect entertainment place. The first floor home office can be utilized for many purposes - exercise, play, wo/man cave and more! The property boasts a spacious and well-maintained yard along with an in-ground pool. Located in an idyllic Melrose neighborhood, it also provides easy access to schools, parks, restaurants and shops. Welcome home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017