723 W FRANKLIN ST
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 |
|---|---|---|---|
| Jan 29, 2021 | Sold | ||
| Sold | |||
| Dec 31, 2020 | No longer available | - | |
| No longer available | |||
| Dec 2, 2020 | Relisted | $99,900 | |
| Relisted | |||
| Nov 14, 2020 | In contract | - | |
| In contract | |||
| Oct 21, 2020 | Listed | $99,900 | |
| Listed | |||
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This is a one of a kind, unique opportunity. Zoned residential with R-6 enabling the enterprising entrepreneur to live upstairs in the extremely well finished apartment and run the business out of the main level. Plenty of room for meeting clients and doing your office work! Could easily be converted back from a main floor office to residential living quarters too! The driveway is paved and is not a shared driveway, it is wholly owned by the seller and includes a gravel parking area with room for 5 parking spaces. This great property is currently City Certified and has been for years. The manager has listed the unit size as 1414 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017