Lot 5 Patrick's Place
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 |
|---|---|---|---|
| Apr 1, 2024 | Sold | ||
| Sold | |||
| Oct 2, 2023 | Listed by Keller Williams Realty | $2,400,000 | |
| Listed by Keller Williams Realty | |||
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Prime end of cul-de-sac lot - surrounded on two sides by conservation land. To be built with spring 2024 move in. Now only one lot remains in this prime Melrose neighborhood cul-de-sac, contact listing agent for more information. High end finishes throughout - Hardiplank siding, Andersen Windows, HW floors, Thermador appliances, etc. Great location with access to highways and public transportation.
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| Jul 26, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 20, 2023 | Listed by Keller Williams Realty | $2,450,000 | |
| Listed by Keller Williams Realty | |||
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Prime end of cul-de-sac lot - surrounded on two sides by conservation land. To be built - choose our Parkin model with finished basement for a total of 5,200sf of finished space or customize a plan to your needs. New 9 lot subdivision - 6 homes sold, one construction complete at $1,999,900 available for July 2023 closing. Close to Orange Line, train and highways. Check out the lot for a custom build or walk through the home in progress at 13 Patrick's Place.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017