507 Bear 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 |
|---|---|---|---|
| Jan 21, 2025 | Sold | ||
| Sold | |||
| Dec 28, 2024 | In contract | - | |
| In contract | |||
| Nov 26, 2024 | Listed by Howard Hanna Real Estate | $69,900 | |
| Listed by Howard Hanna Real Estate | |||
| | |||
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Solid older home with a good sized, fully fenced in back yard. This home needs a lot of updating and some repair, but the potential is huge. The kitchen was totally removed, and it will be easy to install the new one plus there are laundry hook ups in the kitchen. The dining room, and both of the living rooms are quite spacious, and there are old wide board wooden floors throughout most of the house. The mechanical systems are not tested, but appear to be relatively modern. There is a pleasant enclosed front porch, and a rear deck overlooks the yard. Take a look at what could be a great opportunity.
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| Jun 15, 1998 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017