609 Avondale 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 |
|---|---|---|---|
| Aug 3, 2022 | Sold | ||
| Sold | |||
| Jun 23, 2022 | Listed by Coldwell Banker Realty | $1,825,000 | |
| Listed by Coldwell Banker Realty | |||
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Historically significant Montrose residence built in 1916 w/elegant interiors & Old-World craftsmanship. Property acquired from original family who resided in the home for 90 years. After a meticulous 7-year restoration, this landmark home is completely updated & features all expected modern amenities. One-of-a kind 4174’ home boasts exquisite craftsmanship, enormous rooms, high ceilings & original oak flooring. A dream island Kitchen, large walk-in pantry, Thermador & Sub-Zero appliances & breakfast sitting area. Study features custom built ins. Primary Suite & Bath with dual vanities, multi-head shower & private Dressing Room custom built ins & 27 linear feet of hanging bars. Impressive 14,000’ corner lot w/massive backyard. Spectacular 52 foot long front porch offers additional outdoor living. Located in highly sought-after Avondale - minutes to Downtown, Museum District, & Med Center. Walk Score of 90 to 24+ restaurants. Rare opportunity to purchase a part of Houston’s history.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017