61 Spruce 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 |
|---|---|---|---|
| Jan 12, 2023 | Sold | ||
| Sold | |||
| Nov 25, 2022 | In contract | - | |
| In contract | |||
| Oct 21, 2022 | Price Decreased |
$499,000
↓ $999
(0.2%) | |
| Price Decreased | |||
| Oct 21, 2022 | Price Decreased |
$499,999
↓ $39K
(7.2%) | |
| Price Decreased | |||
| Oct 13, 2022 | Listed by Signature Premier Properties | $539,000 | |
| Listed by Signature Premier Properties | |||
| | |||
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Beautiful home with lots of updates including central air conditioning ( less than 2 years old), gas heating system and hot water tank (less than a year old), roof only 3 years old (1 layer), and brand new stainless steel appliances. If you like to entertain, this is the house for it! Exit the den through French doors and enjoy the multi level deck - great for BBQs, fully fenced yard and above ground pool. The basement has even more entertainment space including an amazing bar, 2nd fridge with keg system, fish tank(yes-this stays) and pool table (yes-it stays) Finally, easy care lawn with 3 zone in ground sprinkler system. Photos have been staged a couple of different ways to show all of the possibilities with this home.
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About Islip
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,150 /mo
- 1 Bed
- 1 Bath
- 620 ft²
$4,500 /mo
- 3 Beds
- 2 Baths
- 1,200 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017