701 Prospect Avenue
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 |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Nov 14, 2024 | Listed by Compass New Jersey LLC | $645,000 | |
| Listed by Compass New Jersey LLC | |||
| Jul 18, 2017 | Sold | ||
| Sold | |||
| May 25, 2017 | Listed by VRI Homes | $369,900 | |
| Listed by VRI Homes | |||
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Quality construction in a family oriented town.Two Story center hall colonial.Glistening Hardwood floors throughout.Open floor plan makes this house a winner!! Kitchen has stainless steel appliances..granite countertops..center island..adjoining dining room makes it easy to entertain..sliding door to deck off kitchen with spectacular views of NYC Skyline..Master bedroom with master bathroom.. double sink vanity and ceramic tiled shower..2 zone heating and air.Why spend all that money at the shore when you have everything right in your neighborhood..walk to beach..enjoy a cocktail or fantastic dinner right here in town..No better views anywhere else..WORK IN THE CITY BUT LIVE AND PLAY AT THE SHORE!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017