5817 FLORENCE TERRACE
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 |
|---|---|---|---|
| May 21, 2024 | No longer available | - | |
| No longer available | |||
| Apr 21, 2024 | Listed by Dudum Real Estate Group | $1,349,000 | |
| Listed by Dudum Real Estate Group | |||
| | |||
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5817 Florence Terrace beckons you with its charm. Step onto the sunny front porch as you enter this exquisite home. Recently remodeled with sophisticated designer touches and meticulous attention to detail, it offers a bright kitchen featuring top-of-the-line stainless-steel Bosch and Miele appliances, a farmhouse sink, and a cozy breakfast nook surrounded by windows to bathe the space in natural light. With thoughtfully placed windows and wide plank hardwood floors, this home seamlessly blends classic and modern styles. The primary bedroom boasts French doors leading to a serene balcony, a stylish ensuite bathroom, and a spacious walk-in closet. With 3 beds, 2 baths, and approximately 2176 sqft of interior space, plus a delightful outdoor retreat, there's ample room to relax and entertain. Unwind with a glass of wine while enjoying the tranquil surroundings, or gather loved ones for an outdoor movie night in the inviting outdoor space. Located in Montclair, you'll have access to an array of amenities including restaurants, shops, convenient commuting options, and the esteemed Thornhill Elementary School, a National Blue Ribbon recipient. The manager has listed the unit size as 2176 square feet.
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| Nov 15, 2018 | Sold | ||
| Sold | |||
| Oct 13, 2018 | No longer available | - | |
| No longer available | |||
| Sep 22, 2018 | Price Decreased |
$989,000
↓ $208K
(17.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017