400 3rd Street
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 |
|---|---|---|---|
| Oct 6, 2023 | Sold | ||
| Sold | |||
| Sep 19, 2023 | Listed by eXp Realty, LLC | $100,000 | |
| Listed by eXp Realty, LLC | |||
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Investor's Dream! 3-Bedroom Fixer-Upper with Great Potential! Unearth the hidden gem that is this 3-bedroom, 2-bathroom residence, brimming with opportunity for the visionary buyer. Perfectly seated on an expansive lot, this property holds a world of potential for those with a keen eye for transformation. The corner lot to the left of the home could be sold separately as well. Despite its fixer-upper status, there are several attributes that make this home stand out. The roof, a crucial component of any home, is in good condition. A brand new AC system ensures that, even during renovations, you can remain cool and comfortable. But here's where it gets even better: This property isn't just a home, it's a sound investment. With a lease currently in place yielding $1,000 a month, you can start recouping your investment immediately. Bring your creativity, your contractor, and your vision to transform this diamond in the rough into the home or investment property of your dreams!
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| Mar 10, 2023 | Sold | ||
| Sold | |||
| Feb 17, 2023 | Listed by Century 21 Mike Bowman, Inc. | $79,900 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
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Cute property for first time home buyer or investor. Home is on a large lot for extra storage or play area for the kiddos. This 3 bedroom 1.1 bathroom home includes a large laundry room with lots of extra space for freezer or storage, large open living and dining area. Range, fridge and W-D can stay. Newer roof and carport cover.
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| Oct 29, 2021 | Sold | ||
| Sold | |||
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14579883
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017