489 Summer Ave
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 |
|---|---|---|---|
| Nov 13, 2024 | Sold | ||
| Sold | |||
| Nov 6, 2024 | In contract | - | |
| In contract | |||
| Nov 5, 2024 | No longer available | - | |
| No longer available | |||
| Oct 22, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Listed by Bel Air Properties | $880,000 | |
| Listed by Bel Air Properties | |||
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Welcome to one of Readings most desirable streets. This oversize open floor plan cape style home filled with natural light has hardwood floors on the first floor. The large kitchen dining and family room is perfect for family gatherings. The first floor has 2 great size bedrooms and bath along with a music/sitting room. The second floor consists of 2 large bedrooms and a full bath. With a full finished basement ,and a in-law suite with its own entrance from the driveway. Other features are mini split in the 2 bedrooms on second floor, private well for irrigation and roof and heating system under 6 years old .
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017