5618 Avenue M
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 |
|---|---|---|---|
| Feb 14, 2024 | Sold | ||
| Sold | |||
| Jan 4, 2024 | Listed by Carlos Garcia Realty, Inc. | $299,900 | |
| Listed by Carlos Garcia Realty, Inc. | |||
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Make this your new home for the new year! Affordable weekend getaway on the Island! Modern light & bright family/living room!
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| Dec 25, 2023 | No longer available | - | |
| No longer available | |||
| Dec 7, 2023 | Listed by Carlos Garcia Realty, Inc. | $299,900 | |
| Listed by Carlos Garcia Realty, Inc. | |||
| | |||
|
Make this your new home for the new year! Don't over think it! Call today! Completed construction and ready for move-in! Don't wait! Will be hard to find a better deal for new construction on the Island! Great for an investor, student, ABNB, long term rental... or a secondary home buyer! Affordable weekend getaway on the Island! Great investment opportunity! Large balcony on the 2nd floor! Top of the line Trane HVAC system! Modern light & bright family/living room which features high ceilings & an open concept! Open kitchen features quartz counters, marble backsplash and ss appliances!
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| Oct 23, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017