710 PROSPECT AVE
About This Property
there is so much more waiting beyond the sun-dappled front yard and charmingly
shingled facade. Follow the brick walkway and open the door to reveal hardwood floors,
fresh paint and sunny rooms. The brightest of all is the vaulted, skylit, corner family
room, which opens to a deck and freeform pool. One of the benefits of an established
neighborhood is that the backyard is rimmed with mature trees for a totally private
outdoor experience. A bay window over the kitchen sink also enjoys a view of the pool.
While some updating is due, the expanded kitchen's workspace is generous and a door
to the garage is certainly handy after a run to the store. Spanning the depth of the
house, the living room is sized for entertaining and has a traditional fireplace as the
centerpiece. Upstairs, three corner bedrooms, including the primary suite with private
bath, all have hardwood floors. A large upstairs laundry room is an unexpected perk
with potential for creative use. The full basement can fulfill any desire for extra casual
living space. Customizing the finishes throughout the functional floor plan is well worth
the investment on a lakeside street such as this, where luxury living is the norm. Some photos are virtually staged.
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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 10, 2024 | Sold | ||
| Sold | |||
| Apr 26, 2024 | In contract | - | |
| In contract | |||
| Apr 18, 2024 | Listed by Callaway Henderson Sotheby's Int'l-Princeton | $995,000 | |
| Listed by Callaway Henderson Sotheby's Int'l-Princeton | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017