409 Saint Clair Avenue
About This Property
This property is a 100 % renovation on an existing foundation and has been architecturally crafted with attention to all details. The home features 6 bedrooms, 4 full bathrooms and one half bath with a finished basement. It also includes oak wood floors throughout, three zone central air/and heat, tankless water heaters for instant hot water, brand new plumbing, electric, shingled roof, Cedar Shake siding, backyard storage shed, outdoor shower and partly paved landscaped patio and sprinkler system. The kitchen features top of the line high end stainless steel Thermador appliances with custom cabinetry and
Quartz tops. The list goes on!
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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 |
|---|---|---|---|
| Jun 5, 2020 | Sold | ||
| Sold | |||
| Dec 5, 2019 | Listed by RE/MAX Synergy | $2,050,000 | |
| Listed by RE/MAX Synergy | |||
| Nov 30, 2019 | No longer available | - | |
| No longer available | |||
| Sep 23, 2019 | Listed | $2,199,000 | |
| Listed | |||
| | |||
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BRAND NEW READY TO MOVE IN! Completely Renovated 6 bedrooms, 4 full baths, 1 half bath Attention to detail throughout. Home boasts oak wood floors on each floor, unpack quickly with custom designed closets in all bedrooms. Enjoy the master suite balcony, & unwind in the steam shower. upgraded Tankless hot water heater 3 new zoned HVAC, outdoor shower and patio, rocking chair front porch, come and live the spring lake dream! The manager has listed the unit size as 3631 square feet.
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About Spring Lake
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Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21947564
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017