48 Ray 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 30, 2024 | Sold | ||
| Sold | |||
| Aug 30, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Listed by Ideal Real Estate Services, Inc. | $264,900 | |
| Listed by Ideal Real Estate Services, Inc. | |||
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Opportunity knocks! This affordable cape style home is waiting for you to make it your own! Full of potential this 1,440 sq ft home does need some cosmetic work, but with a bit of sweat equity, it will shine again! Featuring 2 bedrooms on the first floor, a renovated full bath with walk-in shower, an eat-in kitchen, living rm w/newer flooring, and an additional bedroom and bonus space on the second floor. The partially finished basement offers a second kitchen, second bath and even more living area potential! On the exterior this home highlights a one car garage, large patio, and a great fenced yard! Don't miss out on this opportunity to create the home of your dreams! OFFER DEADLINE WEDNESDAY 8/28 BY NOON
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017