640 Forest 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.
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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 |
|---|---|---|---|
| Sep 10, 2020 | Sold | ||
| Sold | |||
| May 15, 2020 | Listed by William Raveis-New York LLC | $1,120,000 | |
| Listed by William Raveis-New York LLC | |||
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This recently renovated, spacious colonial sits on a prime location in Orienta. Its charming facade belies the copious space within. Built in 1939 but completely renovated and expanded, this pristine home retains construction quality of the prewar era curated to appeal to the most discerning buyer. The transitional floor plan includes an amazing cook's kitchen with breakfast room, five bedrooms, two and a half new baths, 3 season room and many more amenities including zoned heating and central air. Wonderful finished storage in lower level not included in square footage. This home is competitively priced below its assessment. With interest rates historically low and a top-notch school system, there will never be a better time to buy.
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| Jul 9, 2017 | Listed | $1,249,500 | |
| Listed | |||
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Distinguished Orienta Colonial with spacious sun-bathed rooms perfect for entertaining. Original architectural details abound including classic base and crown moldings, hardwood flooring and fireplace detail. The new gourmet kitchen with custom Brookwood cabinetry, stainless steel appliances and granite counters/island lead to charming dining area overlooking a lovely bluestone back patio. Huge formal dining room with original wood burning fireplace and door to sunroom opens to large living room. A new powder room completes the first floor. Upstairs there is a relaxing master bedroom suite with lots of closet space and new master bath. Four family bedrooms and a newly renovated gall bath are sure to please. Many improvements including new roof, windows, 2-zone HVAC, central air conditioning, California Closets and landscaping. All just 30 minutes via train from Manhattan.The manager has listed the unit size as 2698 square feet.
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| Dec 20, 2011 | Sold | ||
| Sold | |||
| Oct 15, 1996 | Sold | ||
| Sold | |||
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About Mamaroneck
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017