400 Hendrickson Avenue
About This Property
Low maintenance condo alternative in sought after Long Branch. (Low taxes with no maintenance fees.) Enjoy the full, bright inviting finished basement. Potential uses include: Family Room, Teen Suite or Entertainment Room, Office. Possible $3500/mo. rental income for investor. (Buyer changed mind in review.)
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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 |
|---|---|---|---|
| Feb 28, 2023 | Sold | ||
| Sold | |||
| Jan 18, 2023 | Listed by Exit Realty East Coast | $499,000 | |
| Listed by Exit Realty East Coast | |||
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Interior being newly painted. Owners say, ''Welcome Home'' to this lovingly cared for, attached single family home in a friendly neighborhood. a place to hang your heart. Bring your personal touches to make this house your ''Home Sweet Home.'' Still one of the best values you'll see in the area and for the price! Some of the special features of this 3 bedroom, 2.5 bath home include spacious bedrooms, enclosed 1-car garage, and indoor laundry facilities. Low maintenance condo alternative in sought after Long Branch. (Low taxes with no maintenance fees.) Enjoy the full, bright inviting finished basement. Potential uses include: Family Room, Teen Suite or Entertainment Room, Office. Possible $3500/mo. rental income for investor. (Buyer changed mind in review.)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017