508 Bailey Avenue
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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 30, 2022 | No longer available | - | |
| No longer available | |||
| Mar 20, 2022 | Listed by Westfield | $2,200 | |
| Listed by Westfield | |||
| | |||
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What A View & Steps to PETTI PARK!! Spacious 1st Flr., 2Bd /1Ba, Complete w/EIK & Bkfst Nook, Formal Dining Rm! Tenant Pays Electric Only, HEAT/HOT WATER INCL. Shared Driveway for 1 Car, or PLENTY Street parking. NTN Application, on All Adults over 18, Small Pets May Be Considered w/1.5 Mo. Deposit. Tenant Pays 1st $100 of Repairs, & Tenant Ins Required. Available Now Bill only. Heat, Gas and water included in rent. Tenants to provide A/C Units. Landry Use In Bsmnt. Shared Use of backyard.
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| Mar 9, 2022 | No longer available | - | |
| No longer available | |||
| Sep 30, 2021 | Listed by Westfield | $2,200 | |
| Listed by Westfield | |||
| | |||
|
What A View & Steps to PETTI PARK!! Spacious 1st Flr., 2Bd /1Ba, Complete w/EIK & Bkfst Nook, Formal Dining Rm! Tenant Pays Electric Only, HEAT/HOT WATER INCL. Shared Driveway for 1 Car, or PLENTY Street parking. NTN Application, on All Adults over 18, Small Pets May Be Considered w/1.5 Mo. Deposit. Tenant Pays 1st $100 of Repairs, & Tenant Ins Required. Available Now Bill only. Heat, Gas and water included in rent. Tenants to provide A/C Units. Landry Use In Bsmnt. Shared Use of backyard. The manager has listed the unit size as 650 square feet.
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| Aug 3, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017