61 Tower St
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 |
|---|---|---|---|
| Oct 19, 2025 | No longer available | - | |
| No longer available | |||
| Aug 22, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Jul 8, 2025 | Listed by Century 21 North East | $650,000 | |
| Listed by Century 21 North East | |||
| | |||
|
4 bedrooms - 3 on second floor with full bath and 1 in the basement plus office/sitting room and full bath on first floor also laundry room with new washing machine being left as gift - well kept house - nice newly fenced back yard with deck over looking it - Living room - dining area - updated kitchen - priced to sell! House has newer windows on first floor - New sliding door - New furnace -Refrigerator and dishwasher! Also - big savings on the mortgage payment!! This house has a 2.85% assumable FHA mortgage on the first $440,000 of it!! You will save over $1300 a month on your mortgage payment compared to todays rates!! You can't beat that anywhere - this is a diamond in the rough!! Don't miss out!! New Price $625,000! Open house Saturday 9/27/25 11:AM - 12;30 - Don't miss out on this exceptional home for the price!
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| Aug 13, 2021 | Sold | ||
| Sold | |||
| Jun 22, 2021 | Listed by RE/MAX Main St. Associates | $389,900 | |
| Listed by RE/MAX Main St. Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017