48 Cotton Street
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 12, 2024 | Sold | ||
| Sold | |||
| Jun 2, 2024 | Listed by Willow Bend Properties | $249,900 | |
| Listed by Willow Bend Properties | |||
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Welcome to this beautifully restored 1901 farmhouse, where history meets modern convenience! This charming home boasts two oversized bedrooms with 10-foot ceilings, offering a spacious and airy feel. The large open kitchen is a chef's dream, featuring all-new shaker cabinets, butcher block countertops, and stainless steel appliances that blend timeless style with contemporary functionality. Step onto new flooring throughout the home, which complements the farmhouse aesthetic while providing a fresh, clean look. Enjoy peace of mind with a new HVAC system, roof, plumbing, and electrical wiring, ensuring comfort and efficiency for years to come. Natural light floods the interior, enhanced by new double-pane windows and can lighting throughout, creating a warm and inviting atmosphere day and night. Outside, unwind in the expansive flat fenced backyard, perfect for gatherings and play, offering privacy and space for gardening or pets. Conveniently located, take a short stroll to downtown commerce where you'll find an array of shopping and dining options, adding to the appeal of this picturesque property. Don't miss the chance to own a piece of history revitalized for modern living. Schedule your showing today! USDA Eligible! $1,500 lender credit towards closing costs with Chris Laye - Prime Property Lending!
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| Dec 15, 2023 | Sold | ||
| Sold | |||
| Sep 8, 2023 | Listed by ERA Sunrise Realty | $145,000 | |
| Listed by ERA Sunrise Realty | |||
| Jan 31, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017