48 Florence 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 |
|---|---|---|---|
| Sep 13, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
| Jul 31, 2024 | Listed by ERA Key Realty Services - Distinctive Group | $575,000 | |
| Listed by ERA Key Realty Services - Distinctive Group | |||
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This delightful 4-5 bedroom vintage colonial home is filled with sunshine, character, and charm. The front-to-back living room features a cozy fireplace and leads to the glass filled, newly carpeted sunroom that adds a bright, versatile space. Hardwood floors are throughout most of the home. The inviting dining room includes a built-in china cabinet, perfect for entertaining. The kitchen offers a pantry and a convenient mudroom off the back of the house. Upstairs, you'll find four spacious bedrooms and a full bath, with the potential for a fifth bedroom or bonus room in the walk-up attic, which also provides extra storage space. The unfinished, walk-out basement offers storage and space for expansion. The property boasts an oversized deck, perfect for outdoor gatherings, and a fenced-in playground/firepit area on the side yard. A one-car garage at the rear of the property accommodates a small car or motorcycle. Ages of systems: Roof 2015; Weil-McLain boiler 2013; and H2O tank 2023.
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| Oct 28, 2011 | Sold | ||
| Sold | |||
| Sep 9, 2011 | Listed by ERA Key Realty Services - Distinctive Group | $254,900 | |
| Listed by ERA Key Realty Services - Distinctive Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017