700 STERLING AVE
About This Property
Step inside to discover original wooden flooring that adds timeless beauty and warmth to the area. The snug living area has a lovely fireplace, perfect for gathering around on cool days. The enclosed porch provides a comfortable spot to enjoy the outdoors, whether for morning coffee or nighttime relaxation.
Outside, the huge, detached garage offers plenty of room for parking, storage, or perhaps a workshop. The approximately 1-acre site provides plenty of area for gardening, outdoor hobbies, and future landscaping projects. Flat, usable land is a rare find that adds significant value to the property.
This property, located in a quiet and serene neighborhood, is ready for the next owner to realize its full potential. If you're seeking a property with character and potential, this is a terrific chance. Bring your vision and make this house your own! Roof 10 years old, AC 2 years, Furnace 10 years, water heater 2 years.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017