48 Milk St
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 |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| Apr 27, 2025 | In contract | - | |
| In contract | |||
| Apr 23, 2025 | Listed | $2,850,000 | |
| Listed | |||
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Open House Canceled - Offer Accepted - Incredible opportunity to own a piece of Westwood's History. The Lusher Gay House circa 1800, was originally built and owned by one of Westwood's founding families. This antique Colonial Revival has recently undergone complete rebuild and refurbishment that carefully combines rare features of this special home while creating the best of today's style and expectations. Privately set on 2.7 acres with mature plantings, stone and brick walkways, trellis, decks and inground pool with pool house. The floor plan offers an open bright living space with high ceilings and much detail. Front sitting room, office and large family room are surrounded by windows. The amazing kitchen has everything you need from multiple islands, wetbar, pantry and top appliances. Ensuite bedrooms on the second floor have walk in closets including the luxurious primary suite complete with balcony and fireplace. Full finished lower level has more casual living with full bath.
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| Jan 15, 2014 | Sold | ||
| Sold | |||
| Sep 30, 2013 | Listed by RE/MAX Unlimited | $699,900 | |
| Listed by RE/MAX Unlimited | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017