503 CHALCOT SQUARE
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%.
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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 |
|---|---|---|---|
| May 3, 2024 | Sold | ||
| Sold | |||
| Apr 1, 2024 | In contract | - | |
| In contract | |||
| Mar 21, 2024 | Listed by RE/MAX Realty Centre, Inc. | $229,000 | |
| Listed by RE/MAX Realty Centre, Inc. | |||
| | |||
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The Welbrook neighborhood welcomes you. When you walk in the door, your heart will jump for joy! The beautiful hardwood floors and the natural light streaming are just the beginning. The kitchen has everything you could ever want. The gas stove will bring out the gourmet cook in you. Granite countertops and stainless appliances are everything you have been looking for. The farm table you have had your eye on will fit just fine in the dining area. As you walk upstairs, sink your feet into the new carpeting. You will appreciate how neutral everything is, and the bath has easy-to-care-for custom tile. When you head to the lower level, take note of the new carpet and the luxury vinyl plank flooring. The rec room is perfect for the big screen. There is a powder room down here, and the laundry room washer and dryer convey. The back door leads to the backyard. Speaking of the backyard, it is amazing. Get ready for corn hole or grab the soccer ball, and let's play. It is level and perfect for springtime fun. The deck is huge. It is freshly painted and ready for you to fire up the grill. Things to note- New easy-to-clean tilt in windows in 2018. Water heater is less than five years old. The gas furnace was new in 2023. The roof is six years old. New carpet. White Shaker Cabinets. New landscaping. Fresh and clean for you!
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| Jun 28, 2018 | Sold | ||
| Sold | |||
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About Essex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017