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532 Orizaba Avenue
About This Property
Situated in the heart of Rose Park South Historic District, this beautifully designed home has a highly functional floorplan that has been thoughtfully engineered to maximize space and maintain historical integrity. The living room flows into a light-filled dining room with custom French doors leading to a private side patio. The dining room features an original built-in china cabinet and pull-out iron bed. Throughout the home, you'll find custom casement windows and wood screens.
The master bedroom has a built-in dresser with cedar lined drawers, an ensuite bath, and an oversized walk-in closet. The second bedroom also has a custom walk-in closet and ensuite bath with a vintage sliding door and period style tile.
The updated galley kitchen flows into a spacious, airy laundry room. Outdoors, you'll find a haven with basketweave bricks and weathered wood.
The detached garage with built-in shelves could double as an artist's workshop. The driveway provides off-street parking for 2 cars. Bonus features: sprinklers in front & a security system.
The location of this home is ideal: one block from restaurants, shops, and wine bars on Retro Row & just a little further to the beach.
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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 1, 2019 | Sold | ||
| Sold | |||
| May 29, 2019 | Listed by Keller Williams Coastal Prop. | $690,000 | |
| Listed by Keller Williams Coastal Prop. | |||
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About Eastside
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017