48 Chestnut Ave Extension
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 |
|---|---|---|---|
| Jul 16, 2021 | Sold | ||
| Sold | |||
| Jun 9, 2021 | Listed by Maple and Main Realty, LLC | $499,000 | |
| Listed by Maple and Main Realty, LLC | |||
| Apr 1, 2020 | Sold | ||
| Sold | |||
| Dec 11, 2019 | Listed by Maple and Main Realty, LLC | $498,000 | |
| Listed by Maple and Main Realty, LLC | |||
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The British have a term, “sorted”. It is complimentary and means that “one has ones act together”. 48 Chestnut Ave Extension is “sorted”. Newly constructed, it has a cohesiveness unlike many that appear disjointed, cramped or awkwardly laid out. This is a well-proportioned house, with the kind of finish work and materials that matter. These include hardwood and tile floors, high-end fixtures and windows. Most importantly, the house is responsive; to the seasons, to the changing angles of light, and to the daily cycles of the household. The house has 1895 sf, 2.5 baths, 3 bedrooms, a 2-car garage, a spacious mudroom, full basement and a pleasant side yard. It also comes with highly efficient systems including an on-demand hot water heater, passive radon remediation system, air recovery system and high efficiency furnace. In a new neighborhood overlooking the village of Leeds, a few miles from Florence, Williamsburg and downtown Northampton. Ready for occupancy!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017