8 Nelson Place
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 |
|---|---|---|---|
| Sep 4, 2024 | Sold | ||
| Sold | |||
| Jul 16, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Listed by Howard Hanna Rand Realty | $599,000 | |
| Listed by Howard Hanna Rand Realty | |||
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Welcome to Nelson Place! This charming brick Cape Cod style home features hardwood floors throughout its warm welcoming 1st floor & a flow that invites comfort. Entertain in the formal dining room or enjoy casual meals in the eat in kitchen which boasts granite countertops, s/steel appliances & a stylish backsplash. The home has many updates including new windows, a Pella screen door, roof, siding, gutters, water heater, furnace & 200 amp electrical service complete with plug in generator for added convenience. Master bedroom with a spacious double deep closet. 2 Generous size bedrooms on upper level. One of the full baths has also been updated. Additional features include a walkout basement w/workshop perfect for hobbies & storage. Outside the newer deck & flat patio area offer great spaces for outdoor living. Located in the sought after area w/ Nanuet's Award Winning Blue Ribbon schools. A commuter's delight! Just minutes to NYS Thruway, PIP, Metro North, Bus & The Shops @ Nanuet.
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| Jun 7, 2024 | Listed by Howard Hanna Rand Realty | $599,000 | |
| Listed by Howard Hanna Rand Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017