702 Wellesley 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 |
|---|---|---|---|
| May 22, 2023 | Sold | ||
| Sold | |||
| Apr 1, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 19, 2023 | Temporarily off market | - | |
| Temporarily off market | |||
| Jan 18, 2023 | Listed by The Synergy Group | $1,599,900 | |
| Listed by The Synergy Group | |||
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This well maintained 4 bed, 3 bath home is waiting for your personal touch. The potential is endless for split entry home nestled on private 1.4 acre wooded lot in high end neighborhood. Kitchen w/granite countertops, peninsula, electric stove (easily convertible to gas), wall oven & microwave, open to secondary dining area with expansive views of yard through large bay windows. Three bedrooms on this level one being an expansive primary with two custom closets and ensuite bathroom with marble vanity. Finished lower level with fourth bedroom, full bathroom, laundry room & spacious family room with a 2nd wood burning fireplace, perfect for an in-law apartment. Giant rear deck with built in seats and planters, ideal for hosting or enjoying the private wooded setting. Backyard is equipped with DogWatch invisible fence. Attached 2 car garage, plus large driveway for over 8 cars. Temporarily off-market as of March 31st while owner does renovations, will be relisted once complete.
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| Nov 22, 2022 | Price Decreased |
$1,649,000
↓ $41K
(2.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017