502 Main Road
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 |
|---|---|---|---|
| Jun 28, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | Listed by 5 College REALTORS® Northampton | $319,000 | |
| Listed by 5 College REALTORS® Northampton | |||
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Welcome to 502 Main, a 2007 ranch style home offering many updates! Buyers will love the open kitchen/living/dining rooms, new flooring, fresh paint, easy to maintain vinyl siding and lightening fast fiberoptic internet! A butcher block kitchen island anchors the main living space and provides seating and additional prep space. A charming front porch spans the front of the home, provided a covered space to take in the view. The full walk-out basement provides plenty of room for expansion, and houses the high end Buderus boiler & Roth oil tank. The 25 by 30 outbuilding provides 750 additional square feet of workshop space, storage, hobby space, or parking for recreational vehicles. With spray foam insulation, 8 foot doors and 100amps of electricity with a 240 volt outlet (perfect for an electric car charger), opportunities are endless! Located just down the road from the Chesterfield Gorge, and just 7 miles from Williamsburg center. Showings begin at an open house Saturday 12-1:30!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017