61 Spring 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 |
|---|---|---|---|
| May 19, 2025 | Sold | ||
| Sold | |||
| Apr 7, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Listed | $1,300,000 | |
| Listed | |||
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Discover a rare gem on a sprawling 0.69-acre parcel in prestigious Lexington, where renovation dreams await the discerning buyer. This is well-suited for a FIX/FLIP or development (cosmetics are necessary). 2,190 square feet of living space is perfectly poised for a transformation into your magnificent vision of home. 1st fl bonus room could be used as a master bed/suite. Beneath its unassuming façade lies exceptional structure with good condition hardwood floors throughout. Upgraded systems incl. young roof (2016) w/ isocyanurate insulation, high-efficiency gas boiler (2016) complemented by 4 mini-split A/C units, radon mitigation system, state of the art flat metal bulkhead. Bedroom The .69ac lot presents a canvas limited only by imagination; 2 existing patios and a charming shed offer immediate outdoor enjoyment and landscape possibilities. While the current owner's renovation journey remains unfinished, opportunity awaits you! Sold AS-IS w/ inspections for informational purposes.
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| Jun 26, 2012 | Sold | ||
| Sold | |||
| May 10, 2012 | Listed by Lester E. Savage, Real Estate | $645,000 | |
| Listed by Lester E. Savage, Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017