501 Richards 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 11, 2023 | Sold | ||
| Sold | |||
| Jun 1, 2023 | Listed by iHome Real Estate | $299,999 | |
| Listed by iHome Real Estate | |||
| Jan 7, 2019 | No longer available | - | |
| No longer available | |||
| Sep 17, 2018 | Listed | $339,000 | |
| Listed | |||
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GENEVA! Two building's for the price of one! The house is a charming 3 bedroom single family home. The other is an extra large 3 car garage with a spacious, updated 2 bedroom apt above! The extra income from the apartment makes it affordable to live in downtown Geneva. All the utilities are split off and paid by the tenants. One of the garages is heated. The manager has listed the unit size as 1896 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017