585 Pelham Rd
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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Oct 16, 2024 | In contract | - | |
| In contract | |||
| Oct 10, 2024 | Listed by LAER Realty Partners | $539,900 | |
| Listed by LAER Realty Partners | |||
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Nestled on a large 2.75 acre lot, this charming house offers plenty of privacy with the lush greenery, mature trees, & beautiful gardens.The house itself features a welcoming front porch ideal for morning coffee and nature watching. Inside, the living room offers gleaming hardwood floors and a large window. Upon entering the kitchen you will notice the solid country cabinets and spacious dining area that leads to a large deck overlooking the expansive backyard where you can enjoy your evening cocktails & family barbeques.The master suite was formerly 2 bdrms converted into one large master with beautiful hardwood floors and 3/4 bath. 2nd bedroom has also been renovated with hardwood floors.Descend into the cozy basement family room featuring a propane stove, large picture window, and walkout. Lower level also includes a bonus room, currently used as a bedroom, and a laundry room. All this and easy highway access! Possible subdivision with variance.Buyers/agent to do due diligence.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017