720 Concord Lane
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 |
|---|---|---|---|
| Feb 26, 2024 | Sold | ||
| Sold | |||
| Nov 30, 2023 | No longer available | - | |
| No longer available | |||
| Nov 28, 2023 | Listed by RE/MAX Achievers | $474,900 | |
| Listed by RE/MAX Achievers | |||
| Nov 4, 2023 | No longer available | - | |
| No longer available | |||
| Nov 2, 2023 | Listed by RE/MAX Achievers | $499,900 | |
| Listed by RE/MAX Achievers | |||
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Nestled in peaceful Bunker Hill, this 4 bedroom, 2 1/2 bath, two story presents an incredible opportunity for those with a vision. While the home may be dated, it's sturdy structure and desirable layout offer a perfect canvas for your creative touch. Inside you'll find a spacious kitchen, a formal dining room, and a formal living room that can be transformed into stylish spaces for entertaining. The spacious family room, adorned with a wood-burning fireplace, invites cozy evenings with loved ones. Venture downstairs to discover a full basement, offering endless possibilities for additional living space, whether you dream of a home theatre, a gym, or a guest suite. Step outside to the patio, where you can enjoy the tranquility of your surroundings. The property also includes a two-car garage and a shed, providing ample storage space for your convenience. Noteworthy upgrades have been made, including a new roof-June/2023, a brand-new air conditioning system installed in 2023, and a modern hot water heater. The kitchen features a newer dishwasher. Moreover, essential improvements such as drain tiles and sump pump back up have been added, ensuring the home's foundation is secure. While the home requires cosmetic updates, it's potential is undeniable. With a bit of creativity and a personal touch, this property can be transformed into the home of your dreams. The manager has listed the unit size as 2515 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017