41 Norman 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 5, 2007 | Sold | ||
| Sold | |||
| Mar 27, 2007 | Listed by RE/MAX Advantage Real Estate | $1,295,000 | |
| Listed by RE/MAX Advantage Real Estate | |||
| Apr 19, 2006 | Sold | ||
| Sold | |||
| Feb 1, 2006 | Listed by Compass | $549,000 | |
| Listed by Compass | |||
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The ranch located on this buildable lot is probably a tear down. The lot is ample size, and right for a large million dollar plus home in a million dollar plus neighborhood. Walking distance to Grace Oliver's Beach, Gingerbread Hill, Black Joe's and Redd's Pond, and Brown's Island. Very, very, desirable neighborhood. TRULY A RARE OPPORTUNITY TO BUILD YOUR DREAM HOUSE
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| Dec 9, 2005 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017