602 Morrison Street
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 |
|---|---|---|---|
| Jul 17, 2024 | Sold | ||
| Sold | |||
| Apr 10, 2024 | In contract | - | |
| In contract | |||
| Mar 28, 2024 | Listed by Douglas Elliman Real Estate | $649,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Beautiful Home in Babylon Boasts New Kitchen with Pantry, Gleaming Hardwood Floors, Vaulted Living Room Ceiling, Stunning Stone Fireplace, Updated Bathrooms, Gorgeous Updated Kitchen, 3 Bedrooms, Home has a Mudroom/Laundry Room too. Perfectly Situated and Close To Babylon Village, This Home Has So Much to Offer. You Will Enjoy the Wonderful Manicured Oversized Yard for Entertaining and Family Gatherings. Inground Sprinklers/ Brand New Water Heater, PVC Fencing and Furnace .This is the Home You Have Been Waiting For, Won't Last! Welcome Home!
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| Jan 23, 2017 | Sold | ||
| Sold | |||
| Oct 1, 2016 | Listed by Douglas Elliman Real Estate | $429,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Address: 335 Madison Avenue, New York, NY 10017