3914 Cherry Lane #2
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%.
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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 20, 2020 | Sold | ||
| Sold | |||
| Jul 8, 2020 | Listed by Coldwell Banker Realty | $355,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Beautiful Courtyard Townhouse in excellent condition, walking distance to top rated elementary, middle and high schools, Upgraded kitchen and bathrooms, newer air conditioning, eat-in kitchen, stainless steel appliances, large dining /living room, covered and screened patio overlooking garden area, tile on first floor, laminated floors upstairs, all bedrooms upstairs, jack and Jill bathroom for bedroom #2 and #3, garage with tiled floors, great community well maintained includes pool and play ground area, close to public library and Vista View Park, roving patrol for security, call listing agent for additional details. "As Is" With Right to Inspect.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/08/2020
|
3 Bed
|
3 Bath
|
1605 ft²
|
$355,000
3 Bed
3 Bath
1605 ft²
|
$343,000
-3.38%
08/20/2020
|
Pilar Ronderos
Coldwell Banker Realty
| |
|
11/21/2008
|
3 Bed
|
3 Bath
|
1805 ft²
|
$219,500
3 Bed
3 Bath
1805 ft²
|
$220,000
+0.23%
01/15/2009
|
Lori Morgan-Weiss
MORGAN WEISS REALTY
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017