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Map
616 Capell 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 |
|---|---|---|---|
| Mar 25, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | Listed by Red Oak Realty | $925,000 | |
| Listed by Red Oak Realty | |||
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Tastefully restored craftsman in Cleveland Heights with 2 bedrooms, 1 bath and a detached garage, converted to a garden cottage. This craftsman gem has an open, contemporary feel while maintaining its craftsman style. The common rooms (living room, dining room and kitchen) open to each other and have an easy indoor/outdoor flow. Bay windows are prominent in the living room and kitchen, with period built-ins surround the stone fireplace in the living room and add vintage charm to the dining room. The Seller has done a lot of work to the house, both in terms of what you see and what you don't. The kitchen has been extensively remodeled with beautiful tile work, s/s appliances, new wooden windows and custom cabinets and countertops. The bathroom has been updated with a designer tile and a vintage sink. French doors have been added to one the bedrooms for easy access to the deck and outdoor patio. The foundation has been seismically upgraded, and a deck with built-in benches and a trellis has been added to provide additional living and entertaining space. The Seller converted the garage into a garden cottage which is used as a home office/gym. Landscaped the front and backyards The home is conveniently located near the Saturday farmer's market,Grand Lake/Lakeshore shopping.
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| May 31, 2018 | Sold | ||
| Sold | |||
| Apr 27, 2018 | Listed by THE GRUBB COMPANY | $625,000 | |
| Listed by THE GRUBB COMPANY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017