70 9Th Avenue
About This Property
Both baths have been updated with tile floors with mosaic accents, granite counter tops, new faucets, new cabinets and a cultured marble bathtub with heavy sliding glass doors. Bedroom closets have double mirrored sliding doors. All of the hall and bedroom closets have been updated with wire shelving. The Kitchen features a glass block window over the sink area. The dining area has sliding glass doors that lead to a large screened porch and privacy fenced back yard. The yard building conveys with the property.
There is a well, pump and sprinkler system. Roof replaced in 2005. All copper wiring and a newer A/C. Taxes for 2013 are $603.12
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017