45 Morse Ave
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 |
|---|---|---|---|
| May 10, 2024 | Sold | ||
| Sold | |||
| Apr 15, 2024 | In contract | - | |
| In contract | |||
| Apr 2, 2024 | Listed by Elm Grove Realty, LLC | $400,000 | |
| Listed by Elm Grove Realty, LLC | |||
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This quintessential home has seen a complete transformation and now has a cozy feel with its open concept design adorned with rough sewn beams, a custom staircase, grey hardwood flooring, and a split stone tile fireplace. The spacious eat-in kitchen has new cabinets, tile backsplash, granite counters, and stainless steel appliances. Cozy up by the fireplace on cooler nights in the oversized living room. The main bedroom on this level has a double closest. Rounding out the first floor, enjoy a full bath with custom design, laundry, and direct access to the garage. The new second level boasts a beautiful bathroom with a walk-in tiled shower and two additional bedrooms. Where this home does not have a basement, the seller created ample storage space in the eves, on the first-floor level, as well as built-in bookcases. This corner lot property is situated on half an acre across the street from Gar Park and has its own babbling brook. Enjoy amazing sunsets
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| Sep 8, 2023 | Sold | ||
| Sold | |||
| Aug 24, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017