73-02 Cooper Avenue
About This Property
Additionally, the building has an occupied, residential apartment on the second floor of the building. The unit is a fully renovated, 3 bedroom and 1.5 bathroom apartment. The unit is self contained with a mini split system for heating and cooling and a separate egress.
A full sized basement is accessible and can be provided to the commercial unit for storage along with a working, walk in refrigeration unit. And finally at the rear of the property is a two car garage with curb cut access.
Several recent upgrades to the property include new gas boiler, hot water tank, main line and the siding on the exterior was replaced. The new property owner will enjoy low expenses due to these upgraded systems and minimal maintenance. The building is constructed 25 FT x 49 FT on a 30 FT x 69 FT lot with R4-1 zoning.
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Cap Rate Calculator
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 19, 2025 | Sold | ||
| Sold | |||
| May 24, 2024 | Listed by Compass | $999,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017