8 Russell Road
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 |
|---|---|---|---|
| Apr 30, 2024 | Sold | ||
| Sold | |||
| Mar 27, 2024 | In contract | - | |
| In contract | |||
| Mar 21, 2024 | Listed by Gibson Sotheby's International Realty | $749,000 | |
| Listed by Gibson Sotheby's International Realty | |||
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When they first saw it, the owners loved its coziness, the dead-end street, and the potential for renovation. At that time, the first floor was a rabbit's warren of small, dark rooms. They opened it up to the river view, expanded the living room capturing space from the front porch, and added new windows to fill the space with light. As they grew their family, they came to appreciate the excellent schools, bike path along the Charles River, the skating rink, and the freedom the bus lines gave them. The renovated basement was a great space for their children to spend time. The house always felt warm and welcoming; a wonderful place to host family and friends. Looking back, the home adapted to all stages of their lives-as a young couple, then with little children, then teenagers, and even when their adult kids came back to live with them, and then lived in it on their own. Home to only two families in the past 84 years, could this be your special place, too?
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| Mar 7, 2024 | Listed by Gibson Sotheby's International Realty | $749,000 | |
| Listed by Gibson Sotheby's International Realty | |||
| | |||
|
When they first saw it, the owners loved its coziness, the dead-end street, and the potential for renovation. At that time, the first floor was a rabbit's warren of small, dark rooms. They opened it up to the river view, expanded the living room capturing space from the front porch, and added new windows to fill the space with light. As they grew their family, they came to appreciate the excellent schools, bike path along the Charles River, the skating rink, and the freedom the bus lines gave them. The renovated basement was a great space for their children to spend time. The house always felt warm and welcoming; a wonderful place to host family and friends. Looking back, the home adapted to all stages of their lives-as a young couple, then with little children, then teenagers, and even when their adult kids came back to live with them, and then lived in it on their own. Home to only two families in the past 84 years, could this be your special place, too?
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017