48-50 Florence Avenue
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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 |
|---|---|---|---|
| Apr 29, 2022 | Sold | ||
| Sold | |||
| Jan 11, 2022 | No longer available | - | |
| No longer available | |||
| Dec 27, 2021 | Listed by Keller Williams Hudson Valley | $250,000 | |
| Listed by Keller Williams Hudson Valley | |||
| | |||
|
Multiple offers. Highest & Best, January 5th @ 3pm. Property in the perfect location. It has a covered garage for 2 cars and parking for 2 more. Ideal place to commute to NY and near a huge park. The seller prefers to sell 48 Florence with 50 Florence. The manager has listed the unit size as 1733 square feet.
| |||
| Nov 26, 2021 | Listed by Keller Williams Hudson Valley | $750,000 | |
| Listed by Keller Williams Hudson Valley | |||
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About Southern Brooklyn
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017