401 West Avenue
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 |
|---|---|---|---|
| Sep 3, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | Listed by Bubela Real Estate | $399,900 | |
| Listed by Bubela Real Estate | |||
| | |||
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Welcome to 401 West Avenue, a beautifully updated home situated on a desirable oversized corner lot. This 1,835 sq ft residence, with an additional 276 sq ft of converted garage space, has been thoughtfully renovated over the past year, offering a perfect blend of modern amenities and classic charm.
The front and back porches offer relaxation throughout all of the seasons. As you enter the home, a wall fireplace has been added for additional heat/aesthetics. Recent updates include converting the laundry room into a full bathroom, adding a third bedroom, transforming the garage into a functional office/workout space, and converting an outdoor closet into a complete laundry room. The interior of the home boasts 13-foot shiplap ceilings, unique light fixtures with medallions, oversized baseboards, and cohesive flooring throughout, creating a fresh and stylish atmosphere.
Please see attached for more details.
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| May 17, 2023 | Sold | ||
| Sold | |||
| Jan 9, 2023 | Listed by Bubela & Associates, Inc | $355,500 | |
| Listed by Bubela & Associates, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017