48 Dexter 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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Sep 16, 2024 | In contract | - | |
| In contract | |||
| Sep 6, 2024 | Listed by Lamacchia Realty, Inc. | $599,900 | |
| Listed by Lamacchia Realty, Inc. | |||
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Incredible opportunity awaits for next homeowners in this well-located Cape on a corner lot of a dead end street with superb access to major highways. This 3 bedroom, 2 bath home has been in the same family for nearly 80 years. The home has excellent bones, with a newer central air conditioning and heating systems and great potential to add square footage by providing a heat source to a newer, large three-season room. The first floor contains a living room with hardwood floors, a fully applianced kitchen, a primary bedroom, office/dining room and the three season room. As such, single level living is possible. Upstairs contains two additional bedrooms and a 3/4 bathroom. The exterior is one of the home's greatest features, with a double lot, including a nice and open side yard with a chain link fence surrounding the property. For storage purposes, the property also has an attached garage and shed.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017