7605 Avenue C
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 19, 2022 | Sold | ||
| Sold | |||
| Dec 20, 2021 | Listed by JLA Realty | $107,500 | |
| Listed by JLA Realty | |||
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Opportunity to bring back what a fire took down! This was originally a single family home with a unit in the rear with two service meters. The unit in the rear suffered a major fire which spread to the main house. About 40% of the main house suffered fire damage and mostly all of the smaller unit. The unit in the rear is likely beyond rehab. However, this investor special has the potential for a full rehab on the main home taking it back to its original configuration. Potential for a new garage, garage apartment or rebuild the small unit that burned. Slightly oversized lot at 5050 per appraisal district. Located in the up and coming very desirable East End Magnolia Park subdivision. Located just a few blocks off Harrisburg. Large tracts of land nearby likely to spur additional development just steps from this location. Close to East End HPD as well as some great local eateries. A great opportunity for rebuild or new build. No disclosures. Sold "as is" just like you see it.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017