391 Shears 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 |
|---|---|---|---|
| Aug 26, 2020 | Sold | ||
| Sold | |||
| Jul 1, 2020 | Listed by William Raveis R.E. & Home Services | $285,000 | |
| Listed by William Raveis R.E. & Home Services | |||
| Jan 21, 2014 | Sold | ||
| Sold | |||
| Sep 17, 2013 | Listed by William Raveis R.E. & Home Services | $217,500 | |
| Listed by William Raveis R.E. & Home Services | |||
| Nov 11, 2009 | Listed | $249,900 | |
| Listed | |||
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MOTIVATED SELLER! Super 1st time buyers home or empty nesters. 2 Bedrooms, large living room and eat in kitchen. Enclosed 3 season room with woodburner overlooking private 16,000 backyard. Hardwoods. New kitchen, electrical, plumbing and much much more! Move right in and take advantage of the $8,000 first time buyers credit.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017