437 8th Avenue
About This Property
This cozy 1,248 sq. ft. single-family home is located on a desirable corner lot. With 3 spacious bedrooms featuring beautiful hardwood floors, a full bathroom on the 2nd floor, and classic hot water radiator heat, this home exudes traditional charm. The first floor offers a functional layout with a kitchen, living room, and dining room, perfect for family gatherings. A one-car garage provides convenient off-street parking. While the home is well-maintained, it offers an exciting opportunity for updates and cosmetic improvements to truly make it your own.
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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 15, 2024 | Sold | ||
| Sold | |||
| Sep 10, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by CM Fox Real Estate | $169,900 | |
| Listed by CM Fox Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017