531 Bay Rd
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 |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by Marc Cohen Real Estate | $650,000 | |
| Listed by Marc Cohen Real Estate | |||
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Fabulous opportunity to get into Sharon for this well-maintained home near Cobb Corner. This home boasts a supreme size renovated kitchen with gas stove. First floor Cathedral ceiling family room addition was built in 1987. Windows have been replaced. Hot water heater is 3 years old. Roof was replaced in 2013. Furnace was replaced in 2014. Finished playroom in basement. 150' of frontage. New septic system was designed and will be installed prior to closing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017