589 Smithfield 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%.
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 |
|---|---|---|---|
| Aug 8, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $270,000 | |
| Listed | |||
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Large home, circa 1890, featuring a total of 10 rooms, with 3 bedrooms and 2 full baths. The first floor features a large, bright living room with hardwood floors and a brick fireplace. Off the living room is a warm family room with a gas stove and brick hearth. Off the family room is a spare room that can be used for an exercise room or library. The dining room is ideal for family gatherings and, to add to the warmth, has its own fireplace. The centerpiece of the home is the fully remodeled kitchen, featuriing solid countertop with tile backsplash and maple cabinets. The downstairs also features a spare room that is now used for a private office. The second floor has the master bedroom with private sitting area, 2 additional bedrooms and full bath. The gas heating system is 4 years old, 200 amp electric and an updated roof. All on a 7,000 square foot lot. A Must See!The manager has listed the unit size as 2764 square feet.
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| May 24, 2017 | Listed by RE/MAX Town & Country | $270,000 | |
| Listed by RE/MAX Town & Country | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017