621 Purchase Street
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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 |
|---|---|---|---|
| May 15, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | In contract | - | |
| In contract | |||
| Feb 1, 2024 | Price Decreased |
$925,000
↓ $74K
(7.4%) | |
| Price Decreased | |||
| Oct 29, 2023 | Listed by Houlihan Lawrence Inc. | $999,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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This light-filled and meticulously maintained custom built Brick Beauty Ranch home is conveniently located to Rye Ridge and downtown Rye. Close to Westchester Country Club grounds. The home offers an open concept layout with eat-in kitchen, formal dining room, living room with large stone fireplace and a great flow for entertaining. Unique (4) bedroom (3) bathroom floor plan with two separate wings with plenty of space for a home office. The expansive lower level offers a rec room-the perfect spot to watch the big game! Sliding glass doors lead to a spacious covered porch that opens to the beautiful landscaped backyard. Home taxes have never been grieved, current assessed value reflects the market value of $1,907,692. Taxes can be significantly lowered by new buyer. The Harrison Central School district offers bus transportation for Public, Private and Parochial schools. Home Sold: As-Is, Where-Is.
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About Rye
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017