5 Melrose Avenue
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 |
|---|---|---|---|
| Feb 12, 2015 | Sold | ||
| Sold | |||
| Dec 4, 2014 | Listed by RE/MAX Home Team | $825,000 | |
| Listed by RE/MAX Home Team | |||
| May 2, 2008 | Sold | ||
| Sold | |||
| Mar 6, 2008 | Listed by Coldwell Banker Realty - Needham | $630,000 | |
| Listed by Coldwell Banker Realty - Needham | |||
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Great opportunity in the desirable Mitchell School area, this wonderful 4 bedroom Garrison has it all. Newer roof, newer kitchen with new appliances, new windows throughout and French doors out to the back yard. Plus an added bonus, Alarm System. Potential for expansion and today's updating, this is the place to be. A must see!
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| Jul 9, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017