8 Spring St
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 28, 2025 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Listed by RE/MAX Real Estate Center | $429,000 | |
| Listed by RE/MAX Real Estate Center | |||
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Sweet 2 bedroom home with great potential in quaint Norfolk neighborhood. This Cape style home offers approximately 1448 +/-sq ft of living which includes a year round family room addition off the kitchen, kitchen with beautiful wood cabinets, living room with a generous f/place, 1st flr bedroom, dining room and full bath. There is a walk up to the 2nd floor with a large 2nd bedroom and huge unfinished area that could be used for a 3rd bedroom, primary suite or storage. The home sits on a 16.4K lot with a private yard full of mature plantings and trees. There is an attached carport for one car and additional off street parking. This home is located in a wonderful Norfolk neighborhood, is close to train and easily accessible to Rte 1/95 and Patriots Place. Though this property is in need of updating, with a little capital and some creative ideas, you could have yourself a really beautiful place to call home. Buyer is responsible for septic replacement.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017