47550 Madison Street
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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%.
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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.
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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 |
|---|---|---|---|
| Sep 29, 2022 | No longer available | - | |
| No longer available | |||
| Sep 27, 2022 | Sold | ||
| Sold | |||
| Aug 3, 2022 | In contract | - | |
| In contract | |||
| Jul 19, 2022 | No longer available | - | |
| No longer available | |||
| Jul 3, 2022 | Listed by Par Realty | $925,000 | |
| Listed by Par Realty | |||
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Mid Century unrestored original. Flat L-shaped 1.53 acre lot, residence situated on the rear 3/4 acre with the front 3/4 acre undeveloped. Ideal property for expansion and development. Three phase electrical power on site, private entry with perimeter fencing. No HOA. 4 bedrooms 2 bath home, one level no stairs or steps. Private office off entrance. Living room with floor to ceiling sliding glass doors. Large wood burning fireplace with raised slate hearth. Japanese accents, including expertly constructed shoji window panels throughout. kitchen, bathroom and laundry room feature original solid wood cabinets. Original electrical kitchen appliances. Dual zone HVAC and water heaters. Skylights in bathrooms and laundry room. Large 2 car garage. This home is well suited for active owners who appreciate the privacy, security and social distance that only an estate sized property can provide. This property has a multitude of potential with space available for apartment complex on front 3/4 acre or a plant nursery. less than 1.5 miles to Empire and Eldorado polo clubs, Coachella Music and Southwest Art Festivals.Ample space surrounding residence for your automobile collection, RV's or build a service building for your business vehicles and equipment. Whatever your aspirations, this property can adapt to your changing needs, with the amenities and services of a vibrant and growing community. Ranch style living 1/4 mile from shopping & services. The manager has listed the unit size as 2480 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017