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54 Magellan Street
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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%.
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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 24, 2017 | Sold | ||
| Sold | |||
| Sep 1, 2017 | Listed | $735,000 | |
| Listed | |||
| | |||
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Spacious single story in a great neighborhood. Home features newer windows & slider, newer front door with beveled glass side lites, wood floors at entry, smooth ceiling at formal dining room & formal living room with fireplace. Upgraded eat-in kitchen with breakfast bar, granite counters, newer cabinets, newer stainless steel double ovens, 6-burner gas cook top and hood, full back splash in tumbled marble tile, double sinks with pull-out faucet, built-in seating bench with side bookcase at kitchen nook, wood floors, recessed lights. Spacious family room with slider to backyard, wet bar, updated hall bathroom, indoor laundry with cabinets above & separate closet. Master bedroom has ceiling fan and 2 sets of mirrored closets. Master bath with tub and separate shower stall and door to side yard. Solid cover at patio with 3 skylights, yard with grassy area and fruit trees. Three car garage with roll-up doors. Pavers at driveway and walkways. The manager has listed the unit size as 1948 square feet.
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| Aug 17, 2017 | Listed by Century 21 Troop Real Estate | $714,000 | |
| Listed by Century 21 Troop Real Estate | |||
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About Thousand Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017