617 Thomas Avenue
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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 |
|---|---|---|---|
| Feb 9, 2024 | Sold | ||
| Sold | |||
| Nov 30, 2023 | No longer available | - | |
| No longer available | |||
| Oct 26, 2023 | Listed by Redfin Corporation | $534,900 | |
| Listed by Redfin Corporation | |||
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This beautifully well maintained home on a quiet street in Forest Park is not to be missed! The home features much of the original charm including custom leaded windows, beautiful woodwork and hardwood floors throughout! The updated maple kitchen features high end appliances and a handsome built in pantry and desk/storage. Additionally, there is room here for an eat in area or a cozy sitting room with backyard views from the bay window. Flooded with natural light, the living room/dining room combo accommodates a crowd comfortably. The front sunroom is the perfect space for a home office or reading nook. Upstairs you will find four roomy bedrooms with great closet space, including an enormous walk in off the primary bedroom, and an updated full bath. The recreation room in the lower level, which was just renovated in 2023, provides additional living space, a full bath, vinyl plank floors and lots of great storage! Both the front and back porches are new in the last 3 years and a new non-lead water line was installed in 2020. The beautifully landscaped yard features numerous perennials for glorious year round color. Please refer to the list of updates under "additional information" The manager has listed the unit size as 1772 square feet.
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| Sep 29, 2023 | Listed by Redfin Corporation | $534,900 | |
| Listed by Redfin Corporation | |||
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About Forest Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017