616 W PATRICK ST
About This Property
As a residence, this home is urban farming at its finest. With a retro vibe in the kitchen, the hardwood floors throughout, numerous upgrades and convenience to Rt 15/70/270 AND a larger than typical half acre lot, this home is a rare find. A short 10 minute walk gets you to Baker Park and downtown. And after 5 pm, there are no neighbors and it is very quiet.
Do you want to live and work in your home, harvest your own fruits and vegetables yet have the convenience of living in Downtown? Tour this all brick cape cod and fall in love :)
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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 |
|---|---|---|---|
| Jul 23, 2024 | Sold | ||
| Sold | |||
| Jun 22, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| May 23, 2024 | Listed by Compass | $625,000 | |
| Listed by Compass | |||
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About Brigadoon
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$2,800 /mo
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$2,650 /mo
- 3 Beds
- 2 Baths
- 1,834 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017