51 Wallace 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 |
|---|---|---|---|
| Jul 23, 2015 | Sold | ||
| Sold | |||
| May 11, 2015 | Listed by Canon Real Estate, Inc. | $73,000 | |
| Listed by Canon Real Estate, Inc. | |||
| Nov 1, 2009 | Listed by Keller Williams Realty | $87,500 | |
| Listed by Keller Williams Realty | |||
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HUGE PRICE DROP! Be prepared to be impressed with this 2 Bedroom, 1 bath Ranch! It is perfect for those starting out or downsizing! Move right into this cozy home features freshly painted interior, new carpeting, and new vinyl flooring in the oversized kitchen. Relax on your enclosed back porch and enjoy the view of the oversized, fenced in yard. New insulated windows, new hotwater heater (APO).
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| Nov 26, 1996 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017