38
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61 Mcalee Ave
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 |
|---|---|---|---|
| Sep 10, 2026 | Price Decreased |
$999,000
↓ $50K
(4.8%) | |
| Price Decreased | |||
| Aug 12, 2026 | Listed by Bullseye Realty Group | $1,049,000 | |
| Listed by Bullseye Realty Group | |||
| Jan 31, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | In contract | - | |
| In contract | |||
| Dec 17, 2024 | Listed by Mega Realty Services | $389,900 | |
| Listed by Mega Realty Services | |||
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Attention investors, contractors, and project seekers! Opportunity Awaits in Framingham! Take this construction project over from where it stands now or restore this gem to it's full potential. This property, a blank canvas down to the studs, offers incredible potential for investors, builders, or buyers looking to customize their dream home. Conveniently located with easy access to local amenities, the house comes with town-approved plans for an addition adding about 1,000 square feet to the house, saving you time and providing a head start on your vision.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017