601 August Street
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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 |
|---|---|---|---|
| Apr 9, 2024 | Sold | ||
| Sold | |||
| Mar 9, 2024 | In contract | - | |
| In contract | |||
| Feb 21, 2024 | Listed by Martha Turner Sotheby's International Realty | $165,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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Charming 3/2 on a large corner lot. Great location with the opportunity to live in now, build later. Great investment opportunity. Current owner used as a rental property with consistent rental history. New laminate flooring in dining, great room, and bedrooms – January 2022. New ceramic tile in kitchen and both bathrooms – January 2022. Paint interior of home – December – 2021. New oven/range and refrigerator – February 2022 . Wood privacy fence on carport and 5th Street side of yard – March 2022 . New HVAC system – May 2022. Easy to show. Must have confirmed appointment to see home as it is currently occupied.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017