640 Cedar Lane
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 |
|---|---|---|---|
| Oct 29, 2024 | Sold | ||
| Sold | |||
| Oct 1, 2024 | In contract | - | |
| In contract | |||
| Sep 26, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 25, 2024 | Listed by Keller Williams Success Realty | $369,900 | |
| Listed by Keller Williams Success Realty | |||
| Apr 19, 2024 | Listed by Keller Williams Success Realty | $369,900 | |
| Listed by Keller Williams Success Realty | |||
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Wonderful split-level home on a huge corner lot! 3 bedrooms, 2 full bathrooms, updated kitchen with custom cabinets, quartz countertops, stainless steel appliances, breakfast bar, pendant lighting a pantry and huge wall of cabinets to accommodate all your storage needs. Convenient main-floor laundry and a mudroom lead to the 2.5 car garage. Hardwood floors throughout the living room and dining room areas that provide plenty of space for gatherings. On the upper level you'll find 3 bedrooms and 1 full bathroom. The 3 bedrooms also have hardwood floors but are currently carpeted. The lower-level family room provides additional space for entertaining or can be converted into a 4th bedroom. With the adjoining 2nd full bathroom, you can easily create the perfect in-law arrangement if needed. There is even a multi-purpose room with a separate entrance. Endless fun is waiting to be had in the huge backyard with an above ground pool to enjoy during the summer months and a large deck to enjoy all the seasons from! The shed provides additional storage for your outdoor equipment or pool toys! Professional photos to come.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017