5 Locust Street
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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 |
|---|---|---|---|
| Jul 19, 2024 | Sold | ||
| Sold | |||
| Jun 1, 2024 | In contract | - | |
| In contract | |||
| Mar 11, 2024 | Price Decreased |
$199,900
↓ $100
(0.1%) | |
| Price Decreased | |||
| Jan 30, 2024 | Listed by Keller Williams Realty | $200,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
An exciting opportunity to own this cozy two-bed, one-bath ranch-style home with low taxes in need of TLC! It is an excellent location for commuters less than five minutes from the NY state thruway (hgwy 87), less than a minute from Highway 84, and 55 minutes to the GWB. Newburgh is filled with many local eateries and cafes that provide great experience and atmosphere, such as Ms. Fairfax, Mama Roux, Liberty Street Bistro, Newburgh Brewery, and the waterfront, with other great amenities, such as Chadwick and Algonquin Park, perfect for convenient outings. The Beacon Train station is about six minutes away, just across the Newburgh Beacon Bridge, with an express train that runs directly to Grand Central in Midtown each morning. Call today for a private showing!
| |||
| Aug 2, 2011 | Sold | ||
| Sold | |||
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017