522 Terrace Drive
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 |
|---|---|---|---|
| Sep 28, 2023 | Sold | ||
| Sold | |||
| Aug 22, 2023 | Listed by Coldwell Banker Realty | $280,000 | |
| Listed by Coldwell Banker Realty | |||
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You'll love this beautifully updated 3 bedroom, 1-1/2 bath home with a 2 car garage and a large fenced lot. This home showcases newer laminate flooring on the first floor and white trim throughout. Pristine and well maintained from the welcoming entryway and throughout the home. Enjoy relaxing or entertaining in the spacious living and dining rooms. The adjacent kitchen showcases white cabinetry, new stainless steel appliances in 2021, granite counter tops, tile backsplash and coffee bar with extra cabinet space. Just off the dining room is a large pantry. New sliding glass doors (2022) open to the amazing back yard with new concrete patio (2021), new fence and shed (2019), a lovely garden, wooden swing and play set and lots of yard space. The laundry room is conveniently located on the first floor along with the newly renovated powder room. Upstairs you'll find three spacious bedrooms with laminate flooring. New furnace in 2021, new water heater in 2017, new water softener in 2018, newer nest thermostat and ring doorbell, roof and siding replaced in 2012. Great location! Short walk to Gaslight Park with a great playground, tennis courts and baseball fields and just a couple blocks from the elementary school. Highly rated school district. Close to shopping restaurants and entertainment. Multiple Offers Received*** Highest and Best called for by Friday at 9 PM***
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| May 15, 2017 | Sold | ||
| Sold | |||
| Feb 21, 2017 | Listed by Keller Williams Success Realty | $179,900 | |
| Listed by Keller Williams Success Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017