624 Preston 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 |
|---|---|---|---|
| Jul 30, 2024 | Listed | $775,000 | |
| Listed | |||
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Beautiful late 1800's Greek Revival home with exceptional charm and character enhanced by modern day updates. This is a one-of-a-kind property with a stately and expansive wrap around porch featuring 3 seating areas and a porch swing. Upon entering the home, you are welcomed by a grand staircase and remodeled open concept floorplan. Two master bedrooms with large en suite bathrooms on opposite sides of the first level providing privacy and comfort. Depression glass windows remain in much of the home with that beautiful wavey texture and link to homes original period. The living space gives the feeling of being in a tree house with an elevated view of nature in the back yard. The expanded and remodeled kitchen is a chef's dream with 4 ovens, gas stove, separate ice maker, wine refrigerator and large Kitchen Aid built in refrigerator/freezer. The island is large enough to host the party of your dreams and still have space for preparations. Tall ceilings and natural lighting.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 22, 2021 | Sold | ||
| Sold | |||
| May 14, 2021 | Listed by Keller Williams Realty -SW | $316,000 | |
| Listed by Keller Williams Realty -SW | |||
| Apr 29, 2021 | Price Decreased |
$335,000
↓ $15K
(4.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017