6 Mellor 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 |
|---|---|---|---|
| Nov 28, 2017 | Sold | ||
| Sold | |||
| Aug 27, 2015 | Listed by Gold Star Development Inc. | $160,000 | |
| Listed by Gold Star Development Inc. | |||
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This home needs work, but is situated on a quiet,corner lot within a very nice Burncoat neighborhood. Gas Boiler and Roof have been replaced within the last 2 years. Electric water-heater was replaced 4 years ago. Two separate garages with attic storage space, newer kitchen with island, first and second floor bathrooms, 10 year old replacement windows, and some electric updates. Private yard. 3 season enclosed front porch. Large paved area around the garage great for extra parking, basketball or kids riding bikes. Home will need some improvements to shine again. Potential awaits!
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| Dec 23, 1996 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017