68 Spring 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 |
|---|---|---|---|
| Oct 4, 2022 | Sold | ||
| Sold | |||
| Apr 6, 2020 | Sold | ||
| Sold | |||
| Mar 15, 2019 | Listed by Century 21 AllPoints Realty | $49,500 | |
| Listed by Century 21 AllPoints Realty | |||
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Many possibilities. Building is presently a re-upholstering store. Property is located in a non conforming business zone, so several types of Retail or wholesale business are possible... It can easily be converted to a single family residence as it is zoned residential. Possibly made into a 2 family 2 - 800 square feet home, ( Multi family area. )
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| Jul 1, 1988 | Sold | ||
| Sold | |||
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Address: 335 Madison Avenue, New York, NY 10017