616 THOMAS AVE
About This Property
Enjoy year-round tranquility in the four-season glass enclosed front porch with etched glass windows in arches. Stroll through the lovely well-manicured gardens in front and rear of the property with stacked stone garden walls, in ground sprinkler and drip irrigation. Home features a formal living room, and the dining room is currently being used as an office. Bathrooms have frameless glass doors, and the second-floor full bath has a large soaking tub with separate walk-in shower. The large main bedroom suite has a walk-in closet. The third bedroom has large windows and Berber carpet; it is currently being used as an office. There is a two-zone heat and central air system. Recently updated hot water heating system. Large two car detached garage and concrete private driveway.
Walk-out basement with a carpeted family room, gas fireplace, and glass-block windows. The unfinished area of the basement has a laundry room with a front-loading washer/dryer, stainless-steel laundry tub, and plenty of extra storage space.
An interesting historical feature of this home is that it was the former home of Phillip Lefty Weinert, who was the youngest pitcher for the Philadelphia Phillies in the early 1920's. Lefty Weinert also played for the Chicago Cubs and the New York Yankees with Babe Ruth & Lou Gehrig. Do not miss the opportunity to see this well-kept home. Call to book your private showing today.
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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%.
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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 |
|---|---|---|---|
| Dec 6, 2023 | Sold | ||
| Sold | |||
| Nov 12, 2023 | In contract | - | |
| In contract | |||
| Oct 2, 2023 | Listed by Shirley Rossi Realty | $459,900 | |
| Listed by Shirley Rossi Realty | |||
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About Riverton
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017