57 Stearns Road
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%.
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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 |
|---|---|---|---|
| Oct 11, 2024 | Sold | ||
| Sold | |||
| Sep 11, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by BHHS Verani Realty Hampstead | $420,000 | |
| Listed by BHHS Verani Realty Hampstead | |||
| Jul 22, 2021 | Sold | ||
| Sold | |||
| Jun 7, 2021 | Listed by Hinch-Crowley Realty Associates, LLC | $329,999 | |
| Listed by Hinch-Crowley Realty Associates, LLC | |||
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This house has been well taken care of with a new roof in November 2014, vinyl siding last year, treks deck two years ago, septic output pipe replaced and tank pumped last summer and new vinyl flooring in the finished basement space. The entire interior has been repainted and the hardwood floors in the bedrooms and living room have been refinished in preparation of sale. When looking at the house there are two bedrooms to the right, a living room with fireplace in the front separated to an eat in kitchen overlooking the large, level backyard. The basement is finished with a 3/4 bath. The unfinished space contains the utility room and washer/dryer. The garage is attached by a covered breezeway and it is an oversize one car with a large full walk up storage space above. There are two driveways providing plenty of parking and a oversize storage shed/garage (approximately 500sqft) in the backyard. The lot is .75 acres and the trees provide a lot of privacy. This is a great first or retirement house with very low carrying costs close to schools and conversation land. Owner is a licensed agent. Pre open house showings end Thursday. Open house Sunday June 13th from 2-4, all offers reviewed Monday June 14th.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017