71 Grove 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 |
|---|---|---|---|
| Oct 10, 2024 | Sold | ||
| Sold | |||
| Aug 30, 2024 | In contract | - | |
| In contract | |||
| Aug 21, 2024 | Listed by William Raveis R.E. & Home Services | $924,900 | |
| Listed by William Raveis R.E. & Home Services | |||
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Located on a CORNER LOT with the driveway and yard facing a QUIET DEAD END STREET, this OVERSIZED COLONIAL has all the space you have been looking for. The formal LIVING ROOM features HARDWOOD FLOORS and FIREPLACE. The EAT-IN KITCHEN leads to a MUDROOM with TWO CLOSETS. The SPACIOUS FAMILY ROOM is BRIGHT AND SUNNY with an adjoining space accessed through FRENCH DOORS perfect for an OFFICE, play area or library. A FULL BATH, LAUNDRY ROOM and WALK-IN CLOSET complete the first floor. Upstairs, the FOUR BEDROOMS are LARGE with GREAT STORAGE. The PRIMARY BEDROOM offers a WALK-IN CLOSET. The BACKYARD with a CHARMING shed and PATIO is PERFECT for ENTERTAINING. All of this within minutes to SCHOOLS, MAJOR HIGHWAYS, LIBRARY, TOWN CENTER and COMMUTER RAIL. Come experience the BEST Reading has to offer!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017