505 Summer Street
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 |
|---|---|---|---|
| Jul 10, 2013 | Sold | ||
| Sold | |||
| May 1, 2013 | Listed by Bowes Real Estate Real Living | $349,000 | |
| Listed by Bowes Real Estate Real Living | |||
| Feb 28, 2005 | Sold | ||
| Sold | |||
| Jan 7, 2005 | Listed by Coldwell Banker Residential Brokerage - Arlington | $369,000 | |
| Listed by Coldwell Banker Residential Brokerage - Arlington | |||
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Fabulous opportunity impeccable 4 room ranch with 3 season porch. Partially finished lower level currently being used as an office. Lovely treed yard, great location. Conv. to park, shopping, elementary school and bus stops.
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| Aug 1, 2000 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017