62 Summit Street
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 |
|---|---|---|---|
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Nov 7, 2024 | Listed by Leading Edge Real Estate | $649,900 | |
| Listed by Leading Edge Real Estate | |||
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This charming, updated 4-bedroom Colonial is nestled on a dead-end street and offers the perfect blend of residential living and convenience. Situated just minutes from major routes and local shops, this property boasts a younger heating system & roof, newer vinyl siding and a new 200-amp electrical panel. The versatile floor plan includes two bathrooms, providing plenty of space and flexibility for your needs. The living room features a cozy fireplace, perfect for relaxing evenings, & formal dining room. Eat in kitchen has new stainless steel appliances. Mud/laundry room leads to large, fenced-in yard and offers ample space for outdoor activities & entertaining. An oversized flex space can be used as separate sleeping quarters or used as an office & sun-drenched Great Room! Whether you're looking for comfort or convenience, this home has it all!
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| May 27, 2016 | Sold | ||
| Sold | |||
| Mar 20, 2014 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017