501 CINCINNATI Avenue
About This Property
The property features gorgeous hardwood floors, which add a touch of elegance to the interior. The kitchen has been redone, now boasting granite countertops that not only provide a stylish look but also offer plenty of additional counter space. The addition of a dishwasher and new cabinets further enhance the functionality and convenience of the kitchen.
To ensure energy efficiency, the windows throughout the house have been updated to be energy efficient. The ones without wood blinds are equipped with UV coating.
For relaxation and outdoor enjoyment, there is a screened patio at the back of the house.
The laundry room, located by the garage, has been completely redone to include a soak sink and a fan for improved ventilation.
Finally, the spacious and peaceful backyard provides ample room for outdoor activities.
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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 |
|---|---|---|---|
| Sep 7, 2023 | Sold | ||
| Sold | |||
| Jul 17, 2023 | Listed by Dan Olivas & Associates | $435,000 | |
| Listed by Dan Olivas & Associates | |||
| Feb 4, 2022 | Sold | ||
| Sold | |||
| Jan 12, 2022 | Listed by eXp Realty LLC | $329,000 | |
| Listed by eXp Realty LLC | |||
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This classic Kern Place cutie is a pleaser. 3 bedroom/2 bath, lovingly preserved and upgraded in all of the right places. Energy-efficient casement windows, tankless water heater, updated roof (with original clay tile) are some of the features that will give you peace of mind. Coved ceiling, original tile and viewing a beautiful sunset and Mt Cristo Rey from your kitchen will give you that special feeling that makes it home. Yes, it still has evaporative cooling, but with the thick plaster wall construction it just works! Large xeriscaped yard, one car garage with adjacent laundry is great as-is, or gives you the flexibility to convert or even add a casita. We haven't even fawned over the location yet! The house is so great, I don't want to say that it is the best part, but from 501 Cincinnati you can walk to dinner, the grocery store, Madeline Park, Mesita elementary, El Paso Tennis club (and swimming pool), UTEP or the trolley line to downtown. OPEN HOUSE Sat 1/15 11am-2pm
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017