651 Melrose
About This Property
As you enter the spacious living room, note that under the carpet is hardwood flooring. The picture window lets in natural light, making it a lovely place for gatherings.
The kitchen, has a built in cook top and oven, ample cupboards and counter space, and is open to the dining room that has sliders to the deck, overlooking the backyard. There are 2 main floor bedrooms and 1 full bath, and an additional bedroom/office/playroom as you enter from the garage. Upstairs you will find 2 large bedrooms ( one is a walk through ) and a half bath. The basement has a finished family room with a bar, and a full bath. As you enter the 2 car attached garage, you will find the main floor laundry/ mudroom. Outside you can enjoy relaxing on the deck, gardening, and plenty of room to play catch and do outside activities. This home is well built and waiting for a new owner to add some cosmetic updates to fit their personal style and preference. Selling in "as is" condition as seller is unable to do updates. Easy access to 131, shopping, restaurants, and downtown activities.
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Cap Rate Calculator
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 19, 2024 | Sold | ||
| Sold | |||
| Jul 1, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by Five Star Real Estate | $279,900 | |
| Listed by Five Star Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017