51 Phillips St
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 24, 2025 | Sold | ||
| Sold | |||
| Dec 25, 2024 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Listed by Century 21 North East | $529,000 | |
| Listed by Century 21 North East | |||
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Welcome to this fully renovated single-family ranch! The main level offers 3 bedrooms, a full bath, a kitchen with brand-new appliances, a living room, dining area, and a deck off the kitchen for easy outdoor dining. The freshly finished lower level includes an additional bedroom, an office, a playroom, a full bath, and a laundry room, adding versatile space for work and relaxation. Outside, enjoy a spacious backyard with a storage shed and direct access to the scenic Ten Mile River Reservation, perfect for nature walks and recreation. This home combines comfort, style, and convenience in a serene setting.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017