502 Chelsea Drive
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 |
|---|---|---|---|
| Mar 1, 2023 | Sold | ||
| Sold | |||
| Jan 18, 2023 | Listed by RE/MAX Rising | $313,500 | |
| Listed by RE/MAX Rising | |||
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Check out this lovely home located in Oakridge Subdivision. This home features 4 bedrooms, 2 full baths, 2 half baths, finished basement, and oversized 2 car garage! Some very nice recent improvements include new HVAC system! (2022), Hot water heater (2019). New light fixtures throughout (2022). New roof over sunroom (2022) and new paint throughout! The first floor features a kitchen that opens into eat-in space and cozy sunken family room with gas fireplace and built-ins. Living room and dining room that could be easily converted into office space, play room, etc. Spacious laundry room off of garage. And don't miss the sunroom! Second floor features 4 nicely sized bedrooms and two full baths! The basement features a large family room, and a half bath (that is plumbed for a shower). HOA includes tennis courts and pool.
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| Nov 30, 2021 | Sold | ||
| Sold | |||
| Sep 17, 2021 | Listed by RE/MAX Rising | $255,000 | |
| Listed by RE/MAX Rising | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017