40-35 172nd Street
About This Property
The first floor features a bright living room, formal dining room, updated kitchen, and a half bath. Upstairs, there are three spacious bedrooms and a full bath.
The fully finished basement includes a separate entrance, full bath, and attached garage, providing extra living space or storage.
Located near IS 25 and Francis Lewis High School, with easy access to public transportation and shopping, this home is a fantastic find!
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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.
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About Northeastern Queens
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017