508 Morrell Street
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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 27, 2023 | Sold | ||
| Sold | |||
| Oct 2, 2022 | Listed by RE/MAX 5 Star Realty | $299,000 | |
| Listed by RE/MAX 5 Star Realty | |||
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NEW CONSTRUCTION!!! June 2022 completion!! Welcome to this amazing 1 story home with 3 bedrooms, 1 office/study room, 2 full baths and 2 car garage. Boasting of a great open floor plan with a spacious Family room that overlooks to the Kitchen. The Kitchen has beautiful white cabinetry with quartz countertops and plenty of counter space. The laundry room is located inside the house with large space for extra storage. The primary bath has double-sink vanity, walk-in shower and a walk-in closet. Throughout the house you will see high ceilings and a wall in the family room built just for the television. Schedule your private showing today!!
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| Mar 23, 2021 | Sold | ||
| Sold | |||
| Feb 10, 2021 | Listed by NB Elite Realty | $35,000 | |
| Listed by NB Elite Realty | |||
| | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017