46 Melrose St
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 1, 2015 | Sold | ||
| Sold | |||
| Jul 6, 2015 | Listed by Century 21 North Shore/Soto | $179,900 | |
| Listed by Century 21 North Shore/Soto | |||
| Jan 7, 2013 | Sold | ||
| Sold | |||
| Apr 18, 2008 | Sold | ||
| Sold | |||
| Apr 9, 2007 | Listed by Realty One Group Nest | $79,900 | |
| Listed by Realty One Group Nest | |||
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LOOK AT THE PRICE! This property needs a lot of work throughout. It has replacement windows, vinyl siding and a nice size lot. It will need a new heating system, plumbing and bath rehab plus interior cosmetics. Property is sold "AS IS, AS SEEN". A pre-approval letter is required with all offers. Seller's addendum to be signed within 3 days of offer acceptance.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017