741 4th 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 |
|---|---|---|---|
| Jul 18, 2022 | Sold | ||
| Sold | |||
| May 26, 2022 | Listed by Mills Family Realty | $397,500 | |
| Listed by Mills Family Realty | |||
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Feel the coastal breezes and listen to the waves from this BAYFRONT home! Water views to the East for spectacular sunrise views! This "investor special" diamond in the rough needs TLC. With living areas, kitchens, bedrooms and bathrooms on both levels, this home could be converted into a duplex for rentals or reworked to be your own waterfront residence. There is an extra room with a closet that could be made into a fourth bedroom. Let your imagination run wild with the possibilities! This is your chance to own true BAYFRONT property!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017