408 Forest 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 |
|---|---|---|---|
| Jan 30, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Nov 14, 2024 | Listed | $649,900 | |
| Listed | |||
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This carefully maintained single-family home has an open living area concept. The kitchen & living room were renovated in 2018 with installed stainless steel appliances & quartz countertops. Walk out of the Kitchen to a beautiful 20 X 15 deck overlooking the backyard, the woods and a beautiful sunset. The walkout basement space provides endless opportunities; You could make this an extra family living/play/entertainment area. Extra space in the backyard shed could be used for a man cave/she-shed, gym or an office. The tankless water heating system was installed in 2018; roof 2011. Send your buyers to the open houses. Seller is open to discussing buyer concessions.
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| May 31, 2022 | Sold | ||
| Sold | |||
| Mar 16, 2022 | Listed by Coco, Early & Associates | $599,900 | |
| Listed by Coco, Early & Associates | |||
| Nov 14, 2017 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017