705 Nelson Avenue
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 20, 2021 | Sold | ||
| Sold | |||
| Oct 12, 2021 | In contract | - | |
| In contract | |||
| Sep 29, 2021 | Listed by Houlihan Lawrence Inc. | $375,000 | |
| Listed by Houlihan Lawrence Inc. | |||
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This pristine historical Arts and Crafts style home offers plenty of original details and welcoming covered front porch. The house has two bedrooms, but lives like three bedrooms, with additional spacious office on the same floor. As you enter the house, you are greeted by newly refinished gleaming hardwood floors, original wood trim, and freshly painted interior. The centerpiece of the living room is a wood burning fireplace with decorative mantle. Spacious dining room connects to the living room creating a perfect space for entertaining. Kitchen has new appliances and access to the backyard. Spacious walk-up attic offers great storage space and endless opportunities. Unfinished walkout basement with tall ceilings and finished laundry room area. Spacious multi-level yard with a garage. Ideal location on sought-after Nelson Avenue and steps away from Fort Hill Park consisting of 40 acres of woodland with trails, views and Revolutionary War battle sites. Close to downtown Peekskill, shopping, restaurants and transportation. Scenic 1-hour commute to NYC via Metro North or car.
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| Apr 13, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017