RENOVATED. Sunny 2-bed, 2-bath home in a charming condominium
building. Located on a quiet tree lined block with ideal public
transportation options. High Ceilings, in unit Washer/Dryer, common
roof deck, virtual doorman, package room w/ cold storage, bike
storage and gym, all included with extremely low common charges:
only $645 per month, and low taxes with a 421-A real estate tax
abatement in place until 2032.
Near Marcus Garvey Park, Whole Foods Market, new upcoming Trader
Joe's, the Apollo theater and the amazing Lenox Ave & Frederick
Douglass Blvd restaurants corridors. Five West is an unrestricted
condo: pied-a-terre, gifting, and investor-friendly.
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.
learn more about cap rate here .