59 Observatory Avenue
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 |
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| Nov 20, 2024 | Sold | ||
| Sold | |||
| Oct 18, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Listed by Weichert Realtors' Daher Companies | $489,900 | |
| Listed by Weichert Realtors' Daher Companies | |||
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This recently renovated sprawling ranch is a must-see! The bright and airy open concept living, dining, and kitchen areas are perfect for entertaining. The kitchen features elegant granite countertops and stainless-steel appliances, with easy access to a rear deck for outdoor dining. With three spacious bedrooms and a well-appointed bathroom, this home is designed for comfort. The finished basement adds extra space for den of added family fun needs.Step outside to a generous backyard, offering privacy and a lovely brick patio for relaxation. A storage shed provides extra convenience, and ample parking is available. Plus, you’ll enjoy the convenience of nearby restaurants, shops, and highways.
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| Jan 29, 2010 | Sold | ||
| Sold | |||
| May 27, 2009 | Listed by Berkshire Hathaway HomeServices Verani Realty | $219,900 | |
| Listed by Berkshire Hathaway HomeServices Verani Realty | |||
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WOW! BEST VALUE IN TOWN! THIS HOME NEEDS NOTHING! LOTS OF SPACE FOR THE $$ -- Much Larger Inside than It Appears! Brand New in 2006, this Home is in Great Shape! Open Concept Living Room/Dining Area/Kitchen. New Air Handler for Heat & A/C in 2009, 200 AMP Electric, New Windows, Roof, Walls, Flooring, Central Air. Finished Family Room in Basement. HUGE Attic adds Lots of Storage. Large Deck (12x16) and Granite Patio (14x14). Big, Fenced-In Rear Yard. Off-Street Parking for 7 Cars.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017