53 Drexel 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 |
|---|---|---|---|
| Apr 29, 2020 | Sold | ||
| Sold | |||
| Jan 24, 2019 | Listed by Real Broker MA, LLC | $90,000 | |
| Listed by Real Broker MA, LLC | |||
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** Buyers financing fell through** Bring your investors before it's gone again!! This property is ready to be flipped!! Bring your cash or 203k loan to get started on this project and be ready to make the sale in the spring. Great area with close proximity to elementary school and library. Lots of woods to explore as well that abuts the property. All offers presented to seller.
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| Feb 28, 1989 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017