653 Fairview Avenue #5
About This Property
Upstairs, the primary suite impresses with high ceilings, a ceiling fan, and a dual-sink vanity in the master bath, complete with a shower-tub combination. An additional skylit bonus room offers versatility, serving as an ideal home office, creative space, or guest retreat. Just outside, a cozy patio space provides a charming outdoor nook for relaxation or casual dining. Throughout the home, thoughtful updates-including fresh paint, brand-new carpeting, and gleaming chandeliers-add a modern touch.
Significant recent upgrades include a new roof installed in 2019, exterior paint refreshed in 2020, and a new AC unit in 2017, ensuring long-term value and comfort for the new owner.
Located within walking distance to the vibrant shops and dining along Baldwin Avenue and near Arcadia's top-rated schools, this residence combines an exceptional location with a refined, elevated lifestyle.
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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 |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Nov 27, 2024 | In contract | - | |
| In contract | |||
| Nov 13, 2024 | Listed by Coldwell Banker Realty | $758,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/13/2024
|
2 Bed
|
3 Bath
|
1370 ft²
|
$758,000
2 Bed
3 Bath
1370 ft²
|
$770,000
+1.58%
12/23/2024
|
Ash Rizk
Coldwell Banker Realty
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017