5 Echo Lane #1
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%.
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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 |
|---|---|---|---|
| May 15, 2020 | Sold | ||
| Sold | |||
| Mar 18, 2020 | Listed by Red Tree Real Estate | $439,900 | |
| Listed by Red Tree Real Estate | |||
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Location, convenience and space, renovated in 2018, this townhouse is tucked away on a dead end street off of High Street. It offers 3 floors of living space with a private entrance, 4 bedrooms, 1,5 baths with a flexible floor plan, central AC, in-unit laundry, tons of storage in the basement and parking for 4 cars. The 1st level offers an open floor with high ceilings, plenty of windows and a half bath. The 2nd level offers 3 bedrooms and a full bath and the 3rd level offers a large room that can be a master bedroom or a TV room. Exceptional space for entertaining, easy living and flexibility throughout the space, all this, minutes to public transportation, shops and restaurants.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/18/2020
|
4 Bed
|
2 Bath
|
1568 ft²
|
$439,900
4 Bed
2 Bath
1568 ft²
|
$451,000
+2.52%
05/15/2020
|
Emmanuel Scibilia
Unlimited Sotheby's International Realty
| |
|
11/28/2018
|
3 Bed
|
2 Bath
|
1800 ft²
|
$359,900
3 Bed
2 Bath
1800 ft²
|
$380,000
+5.58%
02/08/2019
|
Emmanuel Scibilia
Unlimited Sotheby's International Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017