56 Hill 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%.
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 15, 2021 | Sold | ||
| Sold | |||
| Jan 21, 2021 | Listed by Houlihan Lawrence Inc. | $2,595,000 | |
| Listed by Houlihan Lawrence Inc. | |||
| Jul 30, 2020 | Sold | ||
| Sold | |||
| May 27, 2020 | Listed by Houlihan Lawrence Inc. | $995,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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Attention all builders and end-users. A great opportunity is available in the sought-after Milton area. Walk to Rye Town Park, Beaches and Milton Elementary School. Property size is approximately 75'x115'and the Floor Area Ratio is calculated at 2,897. (This information is not warranted and buyer's agent should verify with the City of Rye.) Hill Street and the surrounding neighborhood is comprised of charming homes with easy access to major highways, ie I-95, I-287 and 684. All offers should be submitted in writing with proof of funds. Home is being sold "as is". (Survey and FAR Calculator are attached to listing.)
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017